Tag: financial crime.

Napier AI, a RegTech company offering a range of compliance tools and services, has launched its inaugural AI / AML Index, revealing that artificial intelligence could enable global economies to save $3.13trn annually by enhancing the detection and prevention of money laundering and terrorist financing.

In today's rapidly evolving FinTech landscape, the capacity to effectively manage a growing volume of financial transactions is paramount, particularly with the rise in digital transactions.

A new e-book, co-created by Salv, Thistle Initiatives, and We Fight Fraud, offers a deep dive into the mechanics of APP (Authorised Push Payment) fraud, providing readers with a view from the victim’s perspective.

In the realm of financial crime investigation, government officials are inundated with a vast amount of data that demands meticulous scrutiny. Available databases are packed with critical data on beneficial ownership, corporate structures, and various risk indicators, such as those associated with shell companies and financial performance.

European RegTech investment stats in H1 2024: UK, France and Germany retained top 3 spots for the most active RegTech markets based on number...

The UK stands as a prime hub for venture capital within Europe. However, the private investment scene has recently seen a downturn, exacerbated by economic instability and inflatory pressures.

Featurespace, a global fraud and financial crime prevention firm, has entered into a strategic partnership with OrboGraph, a leading provider of check processing automation and fraud detection software and services.

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.

In the realm of FinTech, understanding the nuances between Know Your Customer (KYC) and Know Your Business (KYB) is essential for businesses navigating the complexities of regulatory compliance and risk management. Both KYC and KYB processes are foundational in building trust and ensuring financial integrity within companies.

As 2024 progresses, regulators worldwide find themselves increasingly busy, grappling with the dual challenges of an ever-changing geopolitical landscape and the rapid evolution of...