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.
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...
Eventus has debuted an anti-money laundering (AML) platform for traditional finance and digital asset companies. The Austin-based company, which provides transaction monitoring and market risk...
As European regulators crack down on unlicensed crypto exchanges, gaining approval is proving challenging. Last week, for instance, De Nederlandsche Bank (DNB), the Dutch central...
Automated fraud-fighting systems have proven successful, although data suggests that firms planning in-house solutions may encounter unexpected headaches. The B2B Payments Fraud Problem One of the...
Hawk AI has raised $17 million to boost its fraud prevention and anti-money laundering efforts. The Munich company announced the Series B on Thursday (Jan. 26), saying...
“If the FinTech ‘revolution,’ post-financial crisis, is in its early innings, then embedded finance is in its first inning.” Matthew Valente, head of product strategy at...