Anti-money laundering (AML) refers to a set of laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income. Though anti-money-laundering laws cover a relatively limited range of transactions and criminal behaviors, their implications are far-reaching.
As more consumers turn to digital solutions to handle their financial needs, the risk of fraud is increasing — a dynamic of which digital banking...
Transactive Systems’ growth has reportedly slowed after the Bank of Lithuania imposed limits on it. The Bank of Lithuania said Jan. 20 that the electronic...
Payments vaults are moving to the forefront of many businesses’ customer experience strategies. Joseph Meuse, vice president of product management at Spreedly, told PYMNTS in...
B2B networks leveraging the latest technologies are only as strong as their weakest link. As business-to-business (B2B) relationships evolve to become online-first and more companies...
The time is ripe for financial institutions to explore what cryptocurrency offerings their customers want. That’s despite 2022’s bear market, Jeff Billingham, director of strategic...
U.K. fraud prevention firm SEON has purchased anti-money laundering specialist Complytron. The acquisition, announced in a Monday news release provided to PYMNTS, is designed to...
Not knowing who’s on the other side of the transaction is expensive. As noted here last month, financial institutions (FIs) were fined nearly $5 billion for...
B2B FinTech company SendFriend has acquired U.S. compliance provider DigiPli. The move will combine DigiPli’s anti-money laundering (AML) model with SendFriend’s cross-border payments solution for...
Identity security firm Trulioo has unveiled a global identity platform for personal and business verification. As the company noted in a Tuesday (Jan. 31) news...