indó formally takes a stand against money laundering with new Lucinity partnership

In its mission to rebuild trust in the banking industry, Icelandic neobank indó has signed a partnership with Lucinity to bolster its anti-money laundering (AML) defences.

The FinCEN Files showcases how outdated some countries’ financial crime rankings are

Following the release of the FinCEN Files in September, RegTech Sigma Reporting shows how old risk ratings on financial crime are often static and out of date.

Latin American success stories and celebrities among the 29 FinTech rounds raised last week

Latin American ventures, Iron Man-backed enterprises and buy now pay later startups among the big winners of the 29 FinTech funding rounds reported on last week.

How QuantaVerse is applying AI and machine learning to improve AML programme effectiveness

Innovations in anti-money laundering (AML) are leading to many businesses reenvisioning how they approach compliance. As financial institutions welcome modern technologies to better adhere to regulations, they realise other benefits from automating their AML practices, says QuantaVerse Founder David McLaughlin.

Ping Payments taps Sentinels to strengthen AML controls

Payments services provider Ping Payments has chosen transaction monitoring and client risk management platform Sentinels to reinforce its AML controls.
Face biometric verification dev iProov teams with Microblink

Face biometric verification dev iProov teams with Microblink

Face biometric verification and authentication technology developer iProov has partnered with AI-powered computer vision software provider Microblink.
fintech-news

Exiger expands team with former FBI corruption agent

RegTech company Exiger has hired former FBI international corruption squad head George McEachern as managing director in the company’s global investigations group.

Danske Bank’s profits drop as the lender deals with fallout from a massive money-laundering...

The Danish lender Danske Bank saw its shares plummet by 4.1% as it revealed that it is expecting net profits to be on the low end of its previous estimates.

Australian authorities arrest members of suspected Vietnamese criminal network over money laundering charges

Drugs, guns and $5m in laundered money are some of the key ingredients in a series of arrests made by Australian authorities to break up a criminal network.

New coronavirus-related phone scam revealed

After several cybersecurity companies and government bodies have warned that the spread of the coronavirus has increased the number of cybsersecurity threats, criminals have now started to use phones in their scams.

News Stories

BIS

BIS Innovation Hub launches new stablecoin, CBDC programs

The BIS Innovation Hub has unveiled its 2023 work program, which involves projects on areas such as CBDC, DeFi and stablecoins.  
Struggling Brits eager for tailored support during cost-of-living crisis

Struggling Brits eager for tailored support during cost-of-living crisis

The cost-of-living crisis is putting 37 million Brits at risk of financial distress, a report from Tink suggests banks need to offer them some support.
Carbonplace

Group of banks invest $45m in Carbonplace

A group of nine banks have invested $45m into Carbonplace, a global DLT-based carbon credit transaction network.
top 10 deals in Indonesia 2022 chart

Just five deals accounted for 56% of FinTech investment in Indonesia during 2022

Key Indonesian FinTech Statistics in 2022: • Indonesian FinTech companies raised $2.5bn in 2022, a 56% increase from 2021 • Overall, there were 79 FinTech deals...
Temenos emissions reduction targets get validation

Temenos emissions reduction targets get validation

Temenos, an enterprise software developer for banks and financial services, has received validation from Science Based Target initiative (SBTi) for its emissions reduction targets.

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