Tags Machine Learning

Tag: Machine Learning

Accertify to provide advanced fraud protection for ASDA’s e-commerce platform

ASDA, a leading retail giant in the UK, has teamed up with Accertify, a subsidiary of American Express, known for its comprehensive fraud prevention solutions.

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.

4 critical AML use cases for AI

The relentless advancement of artificial intelligence (AI) in banking is a game-changer in the ongoing war against financial crime. Financial institutions of every size are turning to AI to bolster their anti-money laundering (AML) capabilities.

Navigating the EU AI Act: A strategic guide for AML and...

The upcoming Artificial Intelligence (AI) legislation, notably the European Parliament's Artificial Intelligence Act, is poised to redefine the regulatory landscape for financial institutions. Touted as the globe's inaugural framework for "trustworthy AI," the act is set to amplify the compliance obligations of anti-money laundering (AML) and anti-fraud teams. However, this impending challenge is mitigated by the availability of purpose-built AI solutions tailored to meet these burgeoning requirements.

Bastille Networks seizes $44m Series C funding, led by Goldman Sachs...

Bastille Networks, a trailblazer in the realm of wireless threat intelligence technology, proudly announces a momentous Series C funding of $44m. This significant financial infusion...

The future of KYC: Adapting to new challenges in the banking...

Fenergo's recent webinar, 'KYC, AML, & Onboarding in 2023 – Were Lessons Learned or Do Old Habits Die Hard?', brought together compliance experts to...

ExtraHop bolsters cybersecurity stance with $100m capital boost for NDR expansion

ExtraHop, renowned for its pioneering work in cloud-native network detection and response (NDR), has secured $100m in growth capital from its existing investors, a deal set to be finalised early in 2024.

Redactable’s innovative AI redaction platform secures $5.5m in seed funding

Redactable, an AI-driven web application designed for redacting sensitive documents, has successfully secured $5.5m in seed funding. This significant financial boost was led by Gradient...

The rise of money mules in UK fraud: Prevention and detection

Fraud in the UK has become a significant concern, with 40% of crimes being fraudulent. Money muling is at the forefront, where fraudsters utilise synthetic or real mule accounts for financial gain. The UK government, recognizing the seriousness, plans to publish an action plan to combat this issue. 

Custodia’s CC1 Service: Revolutionizing communication compliance in the era of hybrid...

The Central Bank of Ireland recently conducted a Conduct Risk Assessment of Telephone and Electronic Communications in the securities market. This crucial assessment aimed to evaluate compliance with the Markets in Financial Instruments Directive (MiFID II), especially Article 16(7), which mandates firms to prevent the use of unauthorised communication.

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