Tag: transaction monitoring

Transaction monitoring has always formed a key part of AML and financial crime compliance, however this has ramped up to 100 in the digital...

Real-time payments software ACI Worldwide has extended its partnership with IR, a performance management and analytics platform for payment ecosystems.

With money laundering, terrorist financing and other financial crimes rising in an increasingly digitised world, the use of cutting-edge technology to deal with it is growing.

Earlier this year, the Financial Action Task Force adopted amendments to Recommendation 24 – one of its 40 recommendations that govern global AML policy – making changes to Ultimate Beneficial Ownership. How will this impact your company?

Payment fraud is accelerating rapidly. A report from Merchant Savvy found that payment fraud tripled from $9.8bn in 2011 to $32.4bn in 2020. This is then expected to reach $40.6bn by 2027.

Tractiv, a software company that helps financial services better understand their data, has received $2.25m in seed funding to support its product development.

Napier, a supplier of advanced anti-financial crime compliance tools, has implemented its AI technology into cryptocurrency payments service BCB Group, to improve anti-fraud capabilities.

Transaction monitoring platform Sentinels has formed a deal with TerraPay, marking its first partnership with a B2B payments and remittance company.

Sentinels, a transaction monitoring startup, has closed its seed round on €5.7m to support the development of its products.

The European Securities and Markets Authority (ESMA) has called for national competent authorities (NCA) to do more on suspicious transaction reporting.