Tag: financial crime prevention

Key Asian RegTech investment stats for 2024: Asian RegTech deal activity dropped by 35% YoY India dominated attracting 21% of all Asian RegTech deals...

Key Indian RegTech investment stats in 2024: Indian RegTech funding fell by 43% in 2024 YoY Average deal value dropped to $6m as investors...

Artificial intelligence (AI) is increasingly vital in transforming risk management within the financial industry.

Ensuring accurate name matching is a fundamental aspect of regulatory compliance, particularly in areas like KYC (Know Your Customer) and AML (Anti-Money Laundering). However, screening names across different languages and scripts presents a significant challenge. To address these complexities, IMTF partnered with Babel Street to enhance precision in name matching and reduce compliance risks.

In the complex landscape of financial crime prevention, MLRO's stand as pivotal figures within financial institutions.

KYC Portal CLM has announced a strategic collaboration with PwC United Kingdom (UK) and PwC Channel Islands (CI), combining their expertise to deliver enhanced value for organisations worldwide.

Australia's dynamic business environment continually attracts entrepreneurs and investors, making comprehensive KYB practices crucial. According to AIPrise, with a significant influx of new business...

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.

FinCrime Dynamics, a UK-based FinTech specialising in criminal behavioural intelligence and data-driven solutions, has secured seed funding to advance its AI-powered platform.

Salv has recently introduced its Collaborative Scenario Library, a pioneering tool designed to enhance the effectiveness of AML teams.