AML

One of Australia’s biggest banks has added another AUS$341m to its misconduct costs, but is fearing that the regulator might slam it with a huge fine.

The Swedish bank Swedbank has reported a dramatic drop in its quarterly earnings as it is still dealing with the fallout from a huge money-laundering scandal.

Machine learning technology is poised to be huge thing in financial services. In fact, two-thirds of UK-based firms are already using it.

Despite a whistleblower flagging suspicious transactions five years ago, Deutsche Bank allegedly waited until February this year to disclose one million suspect money transfers it did for Danske Bank.

Alternative credit scoring FinTech CredoLab has signed a partnership with iovation, the reputation insights company specializing in device-based fraud detection, to fight credit fraud.

Facebook’s cryptocurrency may be facing more regulatory supervision as the EU’s finance commissioner has pledged to introduce new law proposals for digital money.

Anti-money laundering (AML) software provider SmartSearch has raised a growth equity investment from Marlin Equity Partners, the private equity firm.

Financial services with a high level of transactions are still having trouble stopping money laundering and terrorism financing.

The Peruvian National ID Registry RENIEC has joined forces with secure ID company Ipsdy to give Peru’s businesses better confidence to battle fraud.

Sapiens International Corporation, a provider of software solutions for the insurance industry, is growing its ecosystem by partnering with FRISS, the automated fraud and risk solutions company.