Industry News

False positives in AML compliance typically occur when a transaction or customer record wrongly flags a potential match with a sanctioned entity.

MEPs have approved the establishment of a new EU anti-money laundering agency, which will be based in Frankfurt.

KnowBe4 has announced its plans to acquire Egress, a prominent figure in adaptive and integrated cloud email security.

ThreatLocker, an Orlando, Florida-headquartered cybersecurity firm, has successfully completed a $115m Series D funding round.

Nagomi Security, a key player in the cyber sector, announced today its emergence from stealth mode with a substantial $30m in funding.

In recent years, the integration of generative artificial intelligence (GenAI) tools within the financial sector has seen remarkable growth. A study conducted by ORX, a leading operational risk association, reveals that 75% of the world’s major banks and insurers are now utilizing external GenAI applications in their operations.

In the complex world of finance, due diligence is essential for protecting a company’s reputation and financial well-being. As customer demands for convenience increase and regulatory scrutiny intensifies, finding a balance is more important than ever. The solution lies in an innovative tool—KYC Portal Customer Lifecycle Management (CLM). The RegTech company recently compiled a guide on its role in enhancing due diligence processes.

Founded in 2022, Cognitive View claims to offer the first-of-its-kind integrated compliance and complaints co-pilot.

Flagright, a firm specialising in AML and fraud prevention, has entered into a partnership with Baraka, a Middle Eastern investment platform.

Thunes has entered into a definitive agreement to acquire Tilia, a comprehensive payments platform specializing in the online gaming sector.