Tag: Machine Learning

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, 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.

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.

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

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

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, 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...

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. 

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.