Search results for "anti-money laundering "

February 21, 2024
Spektr Raises $5.4 Million to Expand Automation-Led Compliance Solution

Spektr came out of stealth and announced it raised 5 million euros (about $5.4 million) in a seed round. The company offers advanced automation for compliance teams worldwide and can...

February 21, 2024
Germany’s Financial Regulator BaFin Set to Relax Crackdown on FinTechs

Germany’s financial regulator, BaFin, is reportedly set to relax its crackdown on FinTechs. The move comes after several firms improved their controls, BaFin Executive Director Birgit Rodolphe told Bloomberg in...

February 20, 2024
Archer Adds AI-Driven RegTech Solutions With Compliance.ai Acquisition

Archer, a provider of risk management solutions, has acquired Compliance.ai, a supplier of artificial intelligence (AI)-driven regulatory change management solutions. This acquisition is expected to empower Archer clients with AI technology...

February 16, 2024
Velmie Launches Customizable Business Banking Platform

Velmie launched its Business Banking Platform designed to help financial services providers and FinTechs broaden their product offerings. The platform enables these companies to cater to business client needs, including...

February 16, 2024
Whistleblowers Allege Inadequate Customer Due Diligence by Cash App

Federal financial regulators are reportedly investigating allegations made by two whistleblowers regarding Cash App. The whistleblowers claim that the mobile payment platform and the entities providing transaction services to its...

February 16, 2024
Hawk AI Appoints Napier Veteran Robin Lee APAC General Manager

Hawk AI, a provider of artificial intelligence (AI)-powered technology for fraud and anti-money laundering (AML) surveillance, has appointed Robin Lee as general manager for the Asia-Pacific (APAC) region. This appointment highlights Hawk...

February 06, 2024
Papaya to Showcase Workforce Payments Platform in Super Bowl Commercial

Papaya Global will use a Super Bowl commercial to showcase the launch of its artificial intelligence (AI)-powered platform for executing worker payments. The new workforce payments platform provides an end-to-end solution, the FinTech...

February 06, 2024
Liberis Adds Alloy’s Identity Risk Solutions to Embedded Finance Platform

Liberis, a global embedded finance platform, has joined forces with Alloy, an identity risk management company, to accelerate its international expansion and enhance the merchant experience. This strategic partnership aims...

February 06, 2024
PortX, Hummingbird Partner to Fight Financial Crime

PortX, an integration technology company for financial institutions (FIs), has teamed with compliance platform Hummingbird. The collaboration is designed to make it easier for FIs to use Hummingbird’s compliance platform for anti-money...

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Digital Fraud
No Phishing: Multilayered Defense Best Way to Keep Fraudsters Empty-Handed Social media scraping and automated fraud attacks have deemed old-school single-layer defense systems ineffective. In this month’s “Digital Fraud Tracker®,” done in collaboration with and supported by PayPal, Georgetown cybersecurity Prof. Chuck Brooks tells PYMNTS how a mix of drills, training and separated siloes are the best way to send phishermen home empty-handed.
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Credit Union Innovation
The Credit Union Innovation Playbook, in collaboration with PSCU, delves into the innovation agendas of players in the credit union ecosystem. Each edition of the Playbook hones in on a specific innovation focus, exploring the differences between how credit union members and leaders prioritize innovation in four select areas: risk and fraud, digital banking, data and analytics, and loyalty.