Tag: transaction monitoring

Human trafficking is a lucrative industry, generating an estimated $150bn annually. This staggering amount circulates through global financial systems, touching banks, payment platforms, and numerous supply chains.

600 senior compliance leaders from financial services and fintech firms shared insights on AI adoption in financial crime prevention 91% of firms are...

As artificial intelligence (AI) continues to transform financial crime compliance, a new industry benchmark is emerging: compliance-first AI.

Money laundering is a global issue, undermining economies and enabling illicit activities by disguising illegal funds as legitimate. This pervasive challenge affects financial institutions and high-risk industries, making Anti-Money Laundering (AML) measures essential to combat it effectively.

As financial institutions navigate an increasingly complex regulatory environment, many are finding that cloud technology offers a reliable solution for future-proofing compliance efforts. The move to cloud-based financial crime compliance not only enhances agility but also helps institutions meet stringent regulatory requirements more effectively.

Graph databases and network analysis have become pivotal in the field of Anti-Money Laundering (AML), offering a sophisticated approach to understanding and disrupting financial...

Neobanks have reshaped the banking landscape, boasting a customer base jump from 7.7m in 2018 to nearly 20m by the end of 2019 in the UK alone.

In the rapidly evolving financial landscape, the sophistication of money laundering schemes has reached new heights.

In the financial industry, transaction monitoring is an essential process, particularly for businesses handling client or business financial transactions.

The financial sector, including banks, payment firms, FinTechs, and wealth and asset managers, faces significant challenges in interpreting regulatory guidance and converting it into...