An artificial intelligence agent developed by FIS and Anthropic is now commercially available to any bank based in the United States, according to a Thursday (Oct. 15) press release. The FIS AML Investigations Agent was first announced in May, PYMNTS reported, although at that time...
Bank of America’s profits dropped 17% during the third quarter, according to a Wednesday (Oct. 14) quarterly earnings press release, following a $1.2 billion regulatory fine over money laundering violations. The second-largest bank in the United States reported third-quarter earnings one day after the U.S....
The U.S. Department of Justice (DOJ) is reportedly investigating the chain of companies surrounding payments firm Euro Exchange Securities. This probe comes after British authorities seized Euro Exchange in June for possible anti-money laundering (AML) violations, Bloomberg News reported Wednesday (Oct. 14). The DOJ is seeking information...
Three federal agencies have imposed penalties totaling more than $1.21 billion on Bank of America, alleging that the bank violated anti-money laundering and sanctions laws, according to a Tuesday (Oct. 13) press release issued by the Treasury Department. The penalties imposed on Bank of America include the third largest...
August 14, 2026
Financial institutions have spent years trying to see more suspicious activity. New data from the Financial Crimes Enforcement Network (FinCEN) suggests the more valuable question may be whether they can see enough of the activity together. FinCEN said in a Thursday (Aug. 13) press release that financial institutions flagged nearly $5 billion in activity potentially […]
March 31, 2026
Bad bots used to be a nuisance. They had weird names like YissouSpider and Yandex. They were something for cybersecurity teams to tune out with filters and rate limits. No...
March 11, 2026
Watch more: Digital Shift With Flagright’s Madhu Nadig Scale is fast becoming a central challenge in financial crime compliance. As digital payments expand and real-time transactions accelerate, the number of...
February 24, 2026
There’s an unavoidable paradox at the heart of stablecoins’ growth story. The tokenized assets promise to modernize money by making dollars programmable, portable and instantaneous, yet their most compelling advantage...
October 28, 2026
Hummingbird has deepened its investment in transaction monitoring by acquiring Quantimon, the company said in a Wednesday (Oct. 28) press release. The acquisition adds the capabilities of Quantimon’s machine learning platform for anti-money laundering (AML) risk detection to Hummingbird’s artificial intelligence-powered orchestration platform for financial crime compliance. It also adds Quantimon’s federated learning network that […]
October 15, 2026
An artificial intelligence agent developed by FIS and Anthropic is now commercially available to any bank based in the United States, according to a Thursday (Oct. 15) press release. The...
October 14, 2026
Bank of America’s profits dropped 17% during the third quarter, according to a Wednesday (Oct. 14) quarterly earnings press release, following a $1.2 billion regulatory fine over money laundering violations....
October 14, 2026
The U.S. Department of Justice (DOJ) is reportedly investigating the chain of companies surrounding payments firm Euro Exchange Securities. This probe comes after British authorities seized Euro Exchange in June for...
