Tag: Banking
UAE elevates global finance status with advanced AML/CFT reforms
The UAE has made significant strides in enhancing its Anti-Money Laundering, Countering the Financing of Terrorism, and Proliferation Financing (AML/CFT/CPF) frameworks.
Banks and credit card issuers face rising fraud cases, but proactive...
Fraud protection and resolution are becoming essential components of the customer experience in banking, particularly as financial fraud rates continue to rise.
AU10TIX unveils cutting-edge AML solution
AU10TIX, a leading global technology company in identity verification and management, announced today the release of its sophisticated anti-money laundering (AML) solution.
This innovative product...
Pindrop secures $100m to fortify voice security against rising cyber threats
Pindrop, a pioneer in voice security and fraud detection, has announced a significant milestone, securing $100m in debt financing from Hercules Capital.
Enhancing cybersecurity in finance: The critical role of application security testing
In the digital age, the banking, financial services, and insurance (BFSI) sectors have seen unprecedented evolution. This transformation, while beneficial in terms of convenience and accessibility, has also significantly increased the vulnerability of financial institutions to cyber threats. It is now more crucial than ever to implement stringent cybersecurity measures.
Aim Security, pioneering GenAI security, raises $18m in Series A
Aim Security, a leader in GenAI security solutions, announced today that it has secured $18m in Series A funding.
Unit21 unleashes cutting-edge ACH features to combat financial fraud
Unit21, a leading player in the FinTech space, has announced the rollout of its latest innovations aimed at revolutionising ACH (Automated Clearing House) transactions and bolstering fraud prevention measures.
The role of AI and RegTech in enhancing perpetual KYC practices
In the latest episode of the Fenergo FinTalks podcast, host Dhanum Nursigadoo engages in a thought-provoking conversation with Rory Doyle, Fenergo’s Head of Financial Crime Policy. The focus of this discussion is on a key term in AML compliance: perpetual KYC (pKYC).
Revolutionizing digital onboarding: AI’s role in saving banks $900m by 2028
A new report from Juniper Research, a leader in FinTech and payment market analysis, has found that by 2028 the application of AI in identity verification will dramatically reduce the average digital onboarding check time from over 11 minutes in 2023 to under 8 minutes.
Revolutionary fraud defense: DataVisor unveils its AI co-pilot solution
DataVisor, renowned as the globe's top AI-driven fraud and risk platform, has stepped into the spotlight once again.
