449 articles tagged with this keyword
News/regulation
A new report by LexisNexis Risk Solutions has found that increased AML regulations, more so than criminal threats, are intensifying compliance costs for UK financial institutions.
18 June 2021
News/crypto
Cryptocurrency compliance and risk management platform TRM Labs has closed a $14 Million Series A funding round.
Sentinels, the Dutch startup behind an AI-powered transaction monitoring system, has raised EUR5.7 million in a seed funding round.
03 June 2021
News/security
Fraudio, a Dutch startup that has developed a cloud-native centralised AI-powered payment fraud detection system, has raised $3.3 million in seed funding.
28 May 2021
German financial regulator BaFin has ordered mobile bank N26 to fix problems with its IT monitoring and customer due diligence to prevent money laundering and terrorist financing.
12 May 2021
News/crime
Compliance technology and data analytics firm SteelEye is tackling market abuse and communications monitoring with new lexicon technology.
26 April 2021
ABN Amro and Rabobank are working with research outfit TNO to test technology that lets banks share data used for detecting financial crime while still respecting clients' privacy.
07 April 2021
News/payments
The European Council recently backed the creation of an integrated and instant system for retail payments, interoperable across all EU member states.
01 April 2021
Elucidate, the Berlin-based financial crime risk quantification agency, has raised €2.5 million in a pre-Series-A funding round led by Frontline Ventures.
09 March 2021
Finextra is at Davos this year, covering global insights into the impact fintech has on wider issues such as responding to Covid-19, restoring economic growth and advancing a new social contract.
26 January 2021
The European Commission and European Central Bank are working together to investigate the policy, legal and technical questions emerging from a possible introduction of a digital euro.
20 January 2021
News/wholesale
US banking giant Citi is enlisting Volante Technologies to accelerate its adoption of the ISO 20022 financial messaging standard across its global payments operations.
19 January 2021
The Financial Crimes Enforcement Network (FinCEN) has enforced a $390 million civil money penalty on Capital One for engaging in both "willful and negligent" violations of the Bank Secrecy Act.
Sweden's five largest banks have formalised an information sharing pact with the country's police force aimed at cracking down on money laundering.
A Dutch court has ordered a criminal investigation into UBS CEO Ralph Hamers' role in a money laundering scandal at his previous employer, ING.
10 December 2020
The body responsible for managing the implementation of the Legal Entity Identifier (LEI) has announced plans to develop a digital version that can be rolled out across multiple sectors beyond the financial services market.
UOB is hailing the accuracy of its new AI anti-money laundering technology in helping the Singaporean bank cut through large volumes of transactions to pinpoint suspicious activities.
07 December 2020
More than 400 people have been arrested in a worldwide operation targeting money laundering that has prevented around €33.5 million in losses.
03 December 2020
Tackling financial crime, and ensuring compliance with anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations remains one of the biggest overall challenges for the financial services community.
19 November 2020
Nasdaq is to acquire anti-financial crime group Verafin for $2.75 billion, accelerating the US exchange's evolution into a Saas technology provider.
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