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Anti-money laundering (AML) Stories - Page 15

Global Stories

Anti-money laundering (AML) stories

First AML & Armalytix join forces to elevate AML processes
Fintech

First AML & Armalytix join forces to elevate AML processes

First AML has partnered with Open Banking tech platform Armalytix to boost Source of Funds and Source of Wealth capabilities for large conveyancing firms.

By Kaleah Salmon • 3 min read • Thu, 30th May 2024
Global AML expenditure by non-financial sectors to surge 170%
Marketing Technologies

Global AML expenditure by non-financial sectors to surge 170%

Global spend on Anti-Money Laundering systems by non-financial entities is set to soar 170%, reaching $6.3 billion by 2028, driven by stricter regulations.

By Catherine Knowles • 3 min read • Wed, 22nd May 2024
First AML launches AI Assist to expedite compliance tasks
Risk & Compliance

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
TrustQuay Viewpoint announces Guy Harrison as new CEO
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
Oracle launches AI-powered platform to combat money laundering
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
Global AML system spend to hit USD $51.7bn by 2028, driven by AI use
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
iDenfy & CO2IN partner to boost carbon credit transactions security
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
SEON appoints ex-Uber executive Björn Heckel as new CTO
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
SAS lauded as leader in AML transaction monitoring by Chartis Research
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
Partisia Blockchain spearheads decentralisation discourse at World Crypto Forum
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
Rising global fraud awareness signals need for stronger protection measures
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
Revolutionising AML workflows, First AML launches Source
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

Stories from Other Regions

Anti-money laundering (AML) stories

Emerge disrupts New Zealand banking with SME platform
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
FICO survey reveals identity theft & fraud fears among Indonesians
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
Finkr launches to revolutionise fintech sector with visionary strategies
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
NextGen's digital services speed up home loan approvals in Australia
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
LRN's anti-fraud courses receive accreditation in Singapore
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
Jade Software appoints Justin Mercer as CEO
Digital Transformation

Jade Software appoints Justin Mercer as CEO

New Zealand's Jade Software has appointed Justin Mercer as CEO after serving as interim CEO following previous CEO Charlotte Walshe's departure.

By Tom Raynel • 2 min read • Wed, 26th Apr 2023