Financial crime compliance programs are a game of alerts. Or at least they used to be in the pre-AI era, when compliance teams operated on a linear equation in which more transactions generated more alerts, and more alerts required more analysts. Get the Full Story...
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Anthropic is preparing to ask some Claude users to verify their identity, a move that could require government-issued IDs and, in some cases, selfie checks, according to Monday (June 22) reporting from TechCrunch. Get the Full Story Complete the form to unlock this article and...
Rep. Young Kim has introduced a bill that would allow financial institutions to place extended holds on suspicious checks and wire transfers while investigating potential fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Flagright raised $12.5 million in a Series A funding round to increase the capabilities and adoption of its artificial intelligence operating system for financial crime compliance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Fraud prevention in B2B payments has long operated on a simple premise: if something went wrong, there would be time to fix it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Phishing texts that mimic a bank alert or a package delivery notice usually point to a fake website built to capture passwords and card numbers. Google says one criminal network used artificial intelligence to build those websites at a scale no human team could match....
Fraud prevention has largely been treated as an institution-by-institution exercise. Banks built their own models, payment companies and vendors developed proprietary services and solutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
For decades, accounts receivable has operated on the assumption that there would be time to fix mistakes after money moved. But as instant and near-instant payment capabilities become more common, that assumption is breaking down. Get the Full Story Complete the form to unlock this...
