Tag: financial crime prevention

Risk-based transaction monitoring represents a proactive method aimed at detecting financial crimes by closely analysing financial transactions to unearth potentially fraudulent patterns or signs of money laundering.

Money laundering and financial crimes pose large risks to financial firms, both from a reputational and regulatory perspective. These criminal activities can manifest in...

In a recent announcement by the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS), major retail banks in Singapore are set to overhaul their security protocols.

SaaS adoption in the financial and insurance services sectors is projected to grow significantly, reaching more than $130bn by 2027, up from $54bn in 2022.

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.

On 14 March 2023, FullCircl led a significant assembly of the UK's premier financial crime and compliance authorities to impart crucial insights and strategies...

Ripjar, a leading name in the FinTech sector known for its innovative solutions in monitoring and investigating threats, risks, and criminal activity, has announced the launch of its latest product, the Compliance Copilot.

NICE Actimize, a leading provider of financial crime, risk, and compliance solutions, has unveiled a new suite of generative AI-based innovations.

Verto, the innovative cross-border payment platform catering to emerging economies, has announced a strategic partnership with Resistant AI, specialists in AI- and machine learning-powered financial crime prevention.

Fineksus, a trailblazer in the FinTech sector, has launched the Inspector API,  offering an advanced, cost-effective solution for Anti-Money Laundering (AML) Name Screening.