Financial crime stories
The three-year tie-up aims to turn academic research into practical payments policy on fraud, stablecoins, remittances and cyber risk across APAC.
Banks could speed compliance checks and loan approvals as the new software automates alerts and underwriting while keeping audit trails intact.
WorkFusion's AI agent Tara has been named AML Solution of the Year by FinTech Breakthrough for streamlining sanctions screening workloads.
Keitaro ad tracker abused in 15,500 scam and malware domains, as fraudsters cloak AI-themed investment lures from security watchdogs.
AI-fuelled scams help push illicit finance to an estimated USD $4.4 trillion in 2025, with fraud losses hitting USD $579.4 billion.
Finastra is embedding FraudAverse's AI-driven fraud checks into its Financial Messaging platform to secure real-time global and instant payments.
RedotPay wins new Canada, US and Argentina licences as it builds a global crypto payments hub and expands stablecoin-based services.
Creditinfo launches fraud and AML platform in Uganda, targeting rising digital payment risks and bolstering banks' compliance tools.
BioCatch launches DeviceIQ to scan mobile and web devices before login, spotting AI-driven fraud and compromised handsets in milliseconds.
Commerzbank taps Hawk's AI to cut false alerts and sharpen money-laundering detection, as regulators push banks to bolster AML controls.
Fintech integrators turn to Melissa's real-time, trusted data layer to sharpen KYB checks, slash onboarding friction and cut synthetic fraud.
Data specialist Melissa debuts a podcast probing how flawed customer and identity data fuels risk, fraud and compliance headaches.
iProov launches a biometric Workforce Solution Suite to verify real human presence and shield employers from deepfake-driven identity fraud.
New Zealand revenue nearly doubled as the fintech’s annual profit before tax climbed 57% to USD $2.3 billion on wider customer use.
The funding will help reduce days-long checks for lenders and payments firms onboarding small businesses, as manual reviews still slow approvals.
Cambridge-based Finspector has rebuilt its AI platform to scan finfluencer videos, images and posts as UK regulators tighten oversight.
Austin Telco Federal Credit Union adopts Alkami's MANTL tech to slash account opening times and automate 85% of onboarding checks.
AI tools and cost-of-living strain see Australian lenders block AUD $1.5 billion in loan fraud as money mule cases almost double.
A UK-led coalition has launched a live prototype Digital Company ID to tackle rising fraud and streamline verification for businesses.
UK unveils expanded fraud strategy, pledging GBP £250m and a GBP £30m Online Crime Centre to target fast-moving online and overseas scams.