Tag: Machine Learning
Modernising call surveillance: The risks of legacy systems for banks
The 2024 1LoD Surveillance Benchmarking Survey & Report, featuring insights from over 30 leading global banks, has highlighted the pressing need for banks to update their call surveillance practices. Sponsored by Wordwatch, the report outlines the operational and financial risks associated with maintaining multiple legacy systems.
Safeguarding financial integrity through advanced AML compliance strategies
In today's financial landscape, AML transaction monitoring is key for protecting the integrity of financial institutions and the global financial system.
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.
How to enhance KYC and CDD processes for better customer experiences
Balancing a seamless customer onboarding experience with stringent compliance measures can be challenging. RelyComply, an intelligent AML compliance platform, recently outlined strategies and best practices to streamline the KYC/CDD process, helping businesses navigate anti-money laundering (AML) regulations while enhancing customer satisfaction.
How machine learning is transforming AML controls in payments
The future of anti-money laundering (AML) controls in the payments industry is increasingly being shaped by machine learning technology. Paysafe’s Giacomo Austin recently spoke...
IoT cybersecurity firm Qomodo raises $1.6m to tackle cyber threats
IoT cybersecurity firm, Qomodo, has announced it raised $1.6m in a pre-seed funding round.
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.
BforeAI announces $15m boost for advancing cybersecurity predictiveness
BforeAI, a leader in predictive security solutions, has successfully closed its Series A funding round, securing a substantial $15m.
Napier AI connects FinTech innovation with anti-money laundering strategies in new...
In the latest episode of Napier AI's podcast series, Paysafe’s former MLRO and Napier AI's data scientist delve into the integration of machine learning (ML) in combating financial crimes within the FinTech sector.
Navigating API security: Key strategies for safer applications
In today's digitally-driven world, the proliferation of web applications has made accessing vast troves of information nearly instantaneous. However, this convenience raises important security...
