Tag: AML

Lemonway, a prominent pan-European payment institution specialising in marketplace payment processing, has joined forces with Entrust, a global leader in identity verification solutions.

RZOLUT, a leading RegTech company specialising in financial crime and compliance solutions, has announced a successful funding round, raising $1.25m.

IDV is critical in confirming that a person's claimed identity corresponds with their actual identity. It typically involves checking government-issued documents like passports or...

Quantifind, a leading provider of risk intelligence solutions for financial crime compliance, made significant advancements in 2024 to empower organisations with cutting-edge investigative tools. Known for its innovative approach, Quantifind specialises in leveraging machine learning and data science to enhance KYC and AML efforts, helping financial institutions detect and mitigate risks effectively.

The FBI has recently highlighted an alarming trend: cybercriminals are increasingly employing AI to conduct their nefarious activities. According to an FBI public service...

Money laundering activities in the United States alone are estimated to total $300bn annually. In 2023, penalties for anti-money laundering (AML) violations in the U.S. exceeded $5bn—a 69% rise from the previous year. These figures underline the urgent need for a more effective approach to combatting financial crime.

The financial world is undergoing a profound transformation with the rise of artificial intelligence, particularly in wealth management. AI is reshaping asset management, data analytics, and client interactions, enabling wealth managers to deliver greater precision, efficiency, and transparency to modern investors.

The RegTech sector has gained significant traction in the financial industry over the past few years, with global adoption accelerating. According to market projections, the RegTech market is expected to hit $25.19bn by 2028, driven by financial institutions’ need to navigate mounting regulatory pressures.

Jersey has long stood as a pinnacle of financial services excellence, renowned globally for its robust trust and company administration services. According to Corlytics, catering...

In the financial sector, the transition towards AI begins with overcoming the inherent challenges posed by legacy systems. According to Napier AI, many AI initiatives...