Tag: financial crime prevention
How KYC is reinventing financial security standards globally
The battle against financial crime is ongoing and complex, with Know Your Customer (KYC) protocols at the forefront of safeguarding compliance and securing business...
Axle Automation secures $2.5m in seed funding to revolutionize AML compliance
Axle Automation, a trailblazing provider of AI-powered solutions for compliance teams, has successfully closed a significant seed funding round.
Navigating cybersecurity and AML: Strategies for financial firms
Money laundering and financial crimes pose large risks to financial firms, both from a reputational and regulatory perspective. These criminal activities can manifest in...
Singapore banks enhance security to fend off phishing threats
In a recent announcement by the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS), major retail banks in Singapore are set to overhaul their security protocols.
The impact of SaaS on financial crime prevention efficiency
SaaS adoption in the financial and insurance services sectors is projected to grow significantly, reaching more than $130bn by 2027, up from $54bn in 2022.
Unlocking the power of KYC Portal CLM in modern due diligence
In the complex world of finance, due diligence is essential for protecting a company’s reputation and financial well-being. As customer demands for convenience increase and regulatory scrutiny intensifies, finding a balance is more important than ever. The solution lies in an innovative tool—KYC Portal Customer Lifecycle Management (CLM). The RegTech company recently compiled a guide on its role in enhancing due diligence processes.
How KYC and AML innovations are shaping the future of FinTech
On 14 March 2023, FullCircl led a significant assembly of the UK's premier financial crime and compliance authorities to impart crucial insights and strategies in anti-money laundering (AML), compliance, and anti-fraud that are setting financial institutions (FIs) apart in the competitive arena.
Ripjar unveils AI-powered compliance copilot to revolutionise risk management
Ripjar, a leading name in the FinTech sector known for its innovative solutions in monitoring and investigating threats, risks, and criminal activity, has announced the launch of its latest product, the Compliance Copilot.
NICE Actimize revolutionizes financial crime fighting with new generative AI solutions
NICE Actimize, a leading provider of financial crime, risk, and compliance solutions, has unveiled a new suite of generative AI-based innovations.
NICE Actimize is at...
Verto partners with Resistant AI for groundbreaking document verification
Verto, the innovative cross-border payment platform catering to emerging economies, has announced a strategic partnership with Resistant AI, specialists in AI- and machine learning-powered financial crime prevention.
