FinTech Futures: Top five stories of the week – 18 August 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The average loss to loan fee fraud in the UK is £260.
UAB TransferGo Lithuania has already submitted a plan to the central bank to remedy the deficiencies.
Moody’s Analytics’ Orbis database is set to strengthen the European Commission’s anti-fraud efforts.
Between June 2018 and October 2021, DFSA says it found weaknesses in Mirabaud’s AML systems and controls.
The launch comes just days after the company secured $17 million in a Series A funding round.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Kozole, who will begin her new role later this year, has spent the last 17 years at UniCredit Group.
FrauDfense is a new company set up to enable the exchange of information between the three banks.
The eight-page letter was delivered to a court in Munich through Marsalek’s defence lawyer.
The Amazon One technology allows users to complete transactions using just their hand.
The PSR’s future direction on the NPA was outlined in its annual plan and budget for 2023/24.
Wagman joins Rapyd from the Israel Money Laundering and Terror Financing Prohibition Authority (IMPA).
The Fed says it found that Deutsche Bank made “insufficient remedial progress” in fixing its AML controls.
N26 will reportedly continue to be restricted to 50,000 new customer acquisitions per month.
Starling Bank will utilise Napier’s anti-money laundering (AML) and counter-terrorism financing (CTF) technology.
ThetaRay currently engages around one billion end users and monitors over 15 billion transactions per year.
Fincom’s AML Sanctions Screening solution won the AML & Compliance Tech of the Future at the awards.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Cybersecurity must develop in tandem with AI, the regulator’s chief executive said this week.
Investigations have been carried out at sites in East London, Leeds, Exeter, Sheffield and Nottingham.
Dixon intends to “ensure fast and secure payments” and bolster Allied’s information security practices.
Ant Group and its subsidiaries have received a penalty of $984.3m, and Tenpay has been slapped a fine of $413m.
Flaws in its US and European payment systems meant that some declined transactions were wrongly refunded.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The layer will maintain user privacy and offer protection from fraudulent activity and money laundering.
The central bank says it took the decision due to “serious, systematic and multiple violations of legal acts”.
The company says the funding has fueled the growth of its Fintech Fraud DAO consortium, launched last fall.
Google Cloud claims its AML AI solution helps increase risk detection and lower operational cost.
In an internal memo, FIS shares that it completed the Bond acquisition on 8 June.
Consilient, a US-based regtech, aims “to transform how the industry prevents financial crime”.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Apply to become a judge for the Banking Tech Awards 2023!
Over one-third of all UK building societies now use Jade ThirdEye’s tech to fight financial crime.
The bank will adopt Resistant AI’s Transaction Forensics solution to help detect suspicious transactions.
The bank will utilise NetGuardians’ financial crime solutions to tackle growing issues such as APP fraud.
It took this step due to a “number of outstanding debts” with “no reasonable prospect” of repaying them.
Sonar will help protect the growing business against sanctions violations and other types of financial crime.
Onkar Inamdar joins as head of engineering and Syam Chintapenta as chief development officer.