Tag: sanctions screening
Revolutionizing financial crime prevention: NextGen solutions for instant payments
In the rapidly evolving landscape of digital payments, the traditional methods of financial crime prevention are proving inadequate. NextGen Client Screening is revolutionizing this...
Overcoming barriers in the UK’s private investment landscape
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.
How to effectively overcome common pitfalls in AML screening
The Wolfsberg Group describes sanctions screening as a crucial method for detecting, preventing, and disrupting financial crimes, including sanctions risks.
Streamlining compliance: The role of advanced client screening in RegTech
In financial crime compliance, regulators have set expectations for financial institutions to conduct thorough assessments of name screening alerts.
Moody’s unveils sanctioned securities screening tool for asset managers
Moody’s has launched a new sanctioned securities screening capability aimed at enhancing investment decision-making workflows for asset managers.
Insights from a data scientist: Implementing AI in financial crime compliance
The financial services industry is undergoing a transformation driven by artificial intelligence (AI) technologies, particularly machine learning (ML). These advancements are significantly enhancing anti-money laundering (AML), counter-financing of terrorism (CFT), and sanctions screening as part of customer lifecycle management (CLM).
RegTech pioneer GSS secures $47m in transformative Series A2 funding
Global Screening Services (GSS), a forefront runner in the RegTech industry, has successfully completed its Series A2 funding round, securing over $47m (£37m).
Understanding proliferation financing: Key steps for compliance and risk management
Proliferation Financing (PF) is becoming an increasingly important aspect of the compliance landscape, akin to well-known areas like anti-money laundering (AML) and counter-terrorism financing (CTF). Recently, regulators, particularly in the UK, have begun implementing stricter measures to help businesses identify and mitigate PF risks.
Why sanctions screening is crucial for FinTechs
Following the invasion of Ukraine, financial institutions have seen a tidal wave of sanctions. Implementing strong sanctions screening tools enables FinTechs and neobanks to bolster their market reputation.
Temenos launches AI-based solution to fight fraud
Temenos, the banking software company, has expanded its financial crime mitigation product to include an AI-based Suspicious Activity Prevention solution.
