Google Cloud has launched a new product, Anti Money Laundering AI (AML AI), which is an artificial intelligence-powered tool to help financial institutions detect money laundering, the company said Wednesday (June 21). With estimates suggesting that money laundering accounts for 2-5% of global GDP, or up to $2 trillion...
Financial firms operating in New York are facing tighter security standards. A high percentage of them are facing challenges in the scramble towards compliance, per Richard Hudson, vice president of cybersecurity at Cordium, with significant implications for enterprises and business-related payments.
September 05, 2023
Tata Consultancy Services (TCS) and FundingShield have partnered to enhance accessibility to wire fraud prevention tools in the financial services industry. With the increasing prevalence of cybersecurity risks, lenders are placing greater emphasis on data integrity to prevent potential frauds, the companies said in a Tuesday (Sept. 5) press release. FundingShield offers an ecosystem of service provider source bank […]
June 21, 2023
Google Cloud has launched a new product, Anti Money Laundering AI (AML AI), which is an artificial intelligence-powered tool to help financial institutions detect money laundering, the company said Wednesday (June 21)....
