Xapien secures $10m to transform compliance with AI-driven research
Xapien, a pioneering AI due diligence provider, announced today its successful $10m Series A funding round, led by YFM Equity Partners.
Nordea faces charges in Denmark’s largest money laundering case
Nordea, the largest bank in the Nordic region, has been officially charged in Denmark's biggest money laundering case to date.
The charges state that Nordea...
Napier AI’s call for smarter CDD practices in HM Treasury’s latest consultation
Napier AI has responded to a consultation from HM Treasury, the UK government's economic and finance ministry, on enhancing the effectiveness of the Money Laundering, Terrorist Financing, and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs). These regulations require businesses to identify and prevent money laundering and terrorist financing.
Monzo introduces groundbreaking security features to combat UK fraud rise
Monzo, the leading digital bank in the UK, recently introduced three innovative security controls—Known Locations, Trusted Contacts, and Secret QR Codes—aimed at bolstering fraud prevention for its customers.
Combatting cargo theft: The power of CDL Scanners in protecting freight
Cargo theft is soaring, with no sign of decline in sight. In 2023 alone, the U.S. faced losses of $130m due to cargo theft,...
How Qkvin is helping financial institutions tackle the 5 major financial crime challenges
FinTech Global recently spoke to RegTech firm Qkvin to explore what the five major challenges financial institutions face with financial crime and how Qkvin can resolve them.
Navigating the pitfalls of bad data in AI-driven financial solutions
The buzz surrounding Artificial Intelligence (AI) often heralds it as a panacea for all modern problems. Yet, the reality is more nuanced, as the...
Fingerprints and WiBioCard forge smart card technology partnership for enhanced security
Fingerprint Cards, a leading provider of biometric solutions, has partnered with Italy-based WiBioCard, a specialist in smart card integration.
Fingerprints is renowned for its advanced...
Combating generative AI fraud: Effective strategies for detecting fake documents
Fraudsters can now easily create fake documents online or purchase forged ones with just a few clicks.
How luxury goods are exploited in money laundering schemes
Luxury goods encompass high-end items associated with prestige and significant monetary value.
