Anti-money laundering (AML) Stories - Page 20

Global Stories

Anti-money laundering (AML) stories

First AML launches AI Assist to expedite compliance tasks

First AML launches AI Assist, promising to reduce compliance tasks to 60 seconds, expediting KYC and AML processes by 90% through automated data extraction.

By Sean Mitchell • 3 min read • Wed, 15th May 2024

Software-as-a-Service

TrustQuay Viewpoint announces Guy Harrison as new CEO

In a strategic move, TrustQuay Viewpoint appoints industry veteran, Guy Harrison, as CEO to enhance global development and facilitate the digital transformation in the TCSP sector.

By Imee Dequito • 2 min read • Thu, 9th May 2024

Risk & Compliance

Oracle launches AI-powered platform to combat money laundering

Oracle unveils AI-powered Finance Services Compliance Agent to help banks combat a predicted $5.05tn in money laundering in 2024, through enhanced transaction monitoring and risk-control efficiency.

By Catherine Knowles • 3 min read • Tue, 9th Apr 2024

Artificial Intelligence

Global AML system spend to hit USD $51.7bn by 2028, driven by AI use

Global spending on Anti-Money Laundering (AML) systems is projected to reach USD $51.7 billion by 2028, an 80% increase driven by AI's role in enhancing risk assessment, according to Juniper Research.

By Kaleah Salmon • 3 min read • Tue, 5th Mar 2024

Fintech

iDenfy & CO2IN partner to boost carbon credit transactions security

Lithuanian RegTech firm, iDenfy, teams up with Czech fintech, CO2IN, to bolster the verification process, making carbon credit transactions safer and directly aiding the fight against climate change.

By Sean Mitchell • 3 min read • Wed, 31st Jan 2024

Data Analytics

SEON appoints ex-Uber executive Björn Heckel as new CTO

Fraud prevention platform, SEON, recruits Björn Heckel, seasoned tech executive from Uber and Salesforce, as CTO to reinforce its commitment to fighting fraud and boosting enterprise solutions.

By Imee Dequito • 3 min read • Wed, 24th Jan 2024

Data Analytics

SAS lauded as leader in AML transaction monitoring by Chartis Research

In its inaugural AML transaction monitoring solutions evaluation, Chartis Research recognises analytics giant SAS as a category leader, underscoring its impressive capabilities in analytical modelling, risk typology modelling, and workflow automation.

By Sean Mitchell • 3 min read • Wed, 24th Jan 2024

Blockchain

Partisia Blockchain spearheads decentralisation discourse at World Crypto Forum

Swiss-based Partisia Blockchain takes centre stage at the inaugural World Crypto Forum, promoting the discourse on decentralisation alongside launching a new product.

By Kaleah Salmon • 3 min read • Wed, 10th Jan 2024

EduTech

Rising global fraud awareness signals need for stronger protection measures

An SAS consumer fraud study indicates higher global fraud awareness, urging robust protective measures against evolving scam tactics.

By Catherine Knowles • 3 min read • Tue, 14th Nov 2023

Risk & Compliance

Revolutionising AML workflows, First AML launches Source

First AML launches Source, a self-service platform to reinvent AML workflows, offering hope to businesses grappling with regulatory challenges.

By Sean Mitchell • 3 min read • Wed, 20th Sep 2023

Fintech

SAS is a leader in anti-money laundering - Forrester

The latest Forrester report revealed that SAS received the highest score in the anti-money laundering category of 15 vendors.

By Jessie Chiang • 2 min read • Mon, 18th Jul 2022

Stories from Other Regions

Anti-money laundering (AML) stories

Fintech

C-suite executives concerned over company's anti-money laundering processes

Despite budget cuts, a new survey reveals worries among UK c-suite executives over their firms' anti-money laundering procedures, with 49% partially confident in their compliance.

By Catherine Knowles • 3 min read • Thu, 25th Apr 2024

Fintech

Emerge disrupts New Zealand banking with SME platform

Emerge, a disruptive platform aimed at revolutionising New Zealand's business banking landscape, has launched.

By Tom Raynel • 3 min read • Mon, 8th Apr 2024

Fintech

FICO survey reveals identity theft & fraud fears among Indonesians

FICO's study reveals prolonged fears of identity theft among Indonesians, as 36% remain anxious, heightening vulnerabilities to financial loss and credit damage amid growing risks from real-time payments.

By Catherine Knowles • 3 min read • Mon, 1st Apr 2024

Fintech

Finkr launches to revolutionise fintech sector with visionary strategies

London's Finkr consultancy launches today, pledging to transform the fintech sector with its forward-thinking strategy and advanced tech solutions.

By Imee Dequito • 2 min read • Fri, 22nd Mar 2024

Fintech

NextGen's digital services speed up home loan approvals in Australia

NextGen's digital lending technology, specifically its Verification of Identity service, NextGenID, boosts home loan approval efficiency, reducing approval times by 25% on the ApplyOnline platform.

By Sean Mitchell • 2 min read • Wed, 21st Feb 2024

Cybersecurity

LRN's anti-fraud courses receive accreditation in Singapore

Singapore battles rising online scams as LRN Corporation delivers accredited courses to enhance ethical practices in the financial sector, in line with the Monetary Authority regulations.

By Catherine Knowles • 3 min read • Fri, 19th Jan 2024