Tagged: aml

May 23, 2025 @ 12:39 pm By Omar Faridi  |  

Azentio Software, a technology enabler in the BFSI space, announces the launch of its Amlock anti-money laundering (AML) platform, bringing capabilities to financial institutions in the fight against financial crime. Enabled by advanced AI and machine learning, Amlock is “designed to significantly improve detection accuracy,… Read More

May 20, 2025 @ 6:52 pm By JD Alois  |  

The US Department of Justice is investigating the recent insider hack of Coinbase (NASDAQ:COIN), according to Bloomberg. Coinbase is said to have brought the breach to the authorities’ attention, but the company itself is not under investigation. Paul Grewal, Coinbase’s Chief Legal Officer, highlighted this fact… Read More

May 15, 2025 @ 1:49 pm By Omar Faridi  |  

Fincom, a firm focused on anti-money laundering (AML) Sanction Screening and Entity Resolution technology, announced the successful completion of its Series B funding round, securing an investment led by Nasdaq Ventures, with participation from Macquarie Group, G1 Ventures, and existing investors including AnD Ventures and… Read More

May 9, 2025 @ 5:51 pm By Omar Faridi  |  

Feedzai, the global firm focused on AI-native financial crime prevention,  released its 2025 AI Trends in Fraud and Financial Crime Prevention report, uncovering how generative AI (GenAI) is used in financial fraud. More than 50% of fraud involves the use of artificial intelligence. Generative AI… Read More

April 28, 2025 @ 7:24 am By Tony Zerucha  |  

Trulioo, a personal and business verification platform, has announced its partnership with PingPong, a provider of cross-border embedded payment solutions. PingPong selected Trulioo Business Verification and Watchlist Screening to minimize manual onboarding and deliver compliant payment experiences worldwide. PingPong said it holds more than 60 financial licenses and adheres to strict regulatory standards… Read More

April 8, 2025 @ 10:46 am By JD Alois  |  

As a regular user of Companies House, this author believes the database needs more than some make-up. It needs a major overhaul. Companies House makes the US Securities and Exchange Commission’s EDGAR system look like a supermodel in comparison. That’s a heavy lift. From posting documents with opaque… Read More

March 27, 2025 @ 6:25 am By Omar Faridi  |  

Fenergo, the provider of AI-powered solutions for Know Your Customer (KYC), Anti-Money Laundering (AML) and Client Lifecycle Management (CLM), announced that it has partnered with Aduro Advisors, LLC, a  US-based fund administrator serving venture capital and private equity firms. This collaboration reinforces Aduro’s commitment to… Read More

March 11, 2025 @ 2:55 pm By Omar Faridi  |  

Regtech Sumsub has introduced the latest update in case management and AI-driven AML screening to help compliance teams boost efficiency, reduce manual work, and tackle the challenge of “false positive matches.” This new suite of features reportedly ensures “faster case resolution, seamless team collaboration, and… Read More

March 6, 2025 @ 1:47 pm By Omar Faridi  |  

Elliptic, the global firm focused on digital asset intelligence, is pleased to announce a partnership with Toobit, the cryptocurrency derivatives exchange, to streamline their AML compliance. Toobit has reportedly become one of the “fastest-growing” crypto derivatives platforms worldwide with a “24-hour combined spot and derivatives… Read More

February 25, 2025 @ 3:39 pm By Omar Faridi  |  

The rise of financial technology has enhanced the financial services industry by leveraging technology to provide solutions that enable financial inclusion, streamline processes, and improve user experiences, according to an update from Citi Group. From digital payments to peer-to-peer lending, artificial intelligence (AI) and blockchain… Read More

February 12, 2025 @ 9:51 pm By Omar Faridi  |  

Elliptic announced that it is enhancing digital asset compliance by adding Unichain integration to expand blockchain support and coverage. The global enabler of crypto-asset compliance and risk management, Elliptic is pleased to confirm the integration of Unichain into its “holistic” suite of screening and investigation… Read More

February 11, 2025 @ 3:15 pm By Omar Faridi  |  

The cleversoft group has reportedly completed its acquisition of Fineksus, which is the provider of financial messaging and anti-money laundering (AML) solutions in Turkey and the Middle East, after having received all the necessary regulatory approvals. The combination of both firms brings together cleversoft’s regulatory… Read More

January 16, 2025 @ 7:01 pm By Omar Faridi  |  

Fenergo, the provider of digital solutions for client lifecycle management (CLM), know your customer (KYC) and transaction monitoring, announced  the findings of its report on financial institution enforcement actions. Global regulatory fines in 2024 saw a decline in value from “$6.57 billion in 2023 to… Read More

December 15, 2024 @ 1:50 pm By Omar Faridi  |  

Fenergo, a provider of AI-powered solutions for Know Your Customer (KYC), Anti-money laundering (AML) transaction monitoring, and Client Lifecycle Management (CLM), reports a profit before tax of “€12.6 million and a 20% increase in software license growth” in its financial results for the year ending… Read More

December 2, 2024 @ 10:58 pm By Omar Faridi  |  

Taiwan’s Financial Supervisory Commission (FSC) has recently announced a considerable acceleration of its anti-money laundering (AML) regulatory guidelines for digital currency service providers. The Taiwanese authority has confirmed that it moved the registration deadline to November 30, 2024 from the initial January 1, 2025 date…. Read More

December 2, 2024 @ 8:17 am By Omar Faridi  |  

Global Fintech Wise (LSE:WISE) has reportedly entered European remediation plans over AML (anti- money laundering) issues. The global money transfer company has been ordered by European regulatory authorities to initiate a formal remediation plan regarding issues with its AML controls. This, according to an update… Read More

December 2, 2024 @ 8:16 am By Omar Faridi  |  

European Regtech Salv announced the launch of its Collaborative Scenario Library, a tool designed to help AML teams improve their transaction and customer monitoring in order to catch more financial crime. The Collaborative Scenario Library, which is a feature of the Salv Monitoring solution, is… Read More

November 28, 2024 @ 11:11 am By Omar Faridi  |  

Fenergo, a provider of AI-enhanced solutions for know your customer (KYC), transaction monitoring and client lifecycle management (CLM), announced Geneva-based investment group Pictet has reportedly deployed Fenergo’s CLM solution in order to enhance its asset servicing capabilities. FundPartner Solutions (Europe) SA, the Pictet Group’s European… Read More

November 1, 2024 @ 7:56 am By Omar Faridi  |  

Fenergo, a provider of solutions for Know Your Customer (KYC), Anti-money Laundering (AML) transaction monitoring and Client Lifecycle Management (CLM), announced that is expanded into the energy and commodities sectors. This move provides solutions that aim to simplify client and supply chain onboarding and improve… Read More

October 23, 2024 @ 7:30 am By Omar Faridi  |  

The number of global banks losing clients to slow and inefficient know your customer (KYC) onboarding practices has surged to a record high this year, according to new research from Fenergo, the provider of solutions for KYC, client lifecycle management (CLM) and transaction monitoring. A… Read More