AML Archives | The Fintech Times

Tookitaki: The Financial Services Industry Need to Pivot Hard and Now on Customer Risk Assessment

The Fintech TimesOctober 13, 2021October 12, 2021

by The Fintech TimesOctober 13, 2021October 12, 2021

#Customerrisk assessment tech must continuously update customer profiles to ensure companies are not abused says @tookitaki. #AI #Machinelearning #AML...

TISA Completes Latest Testing Phase of Global Identity

Tyler SmithOctober 4, 2021October 4, 2021

by Tyler SmithOctober 4, 2021October 4, 2021

The cross-industry financial services membership body @uktisa has completed the proof-of-concept phase of its #DigitalIdentity programme to assess the viability of its new Digital Identity...

ABBYY: Fighting Financial Fraud With Artificial Intelligence

The Fintech TimesSeptember 4, 2021September 3, 2021

by The Fintech TimesSeptember 4, 2021September 3, 2021

#AI must be implemented in financial organisations, especially in their #onboarding process, to tackle the ever-rising number of #fraud cases says @ABBYY_Software's Global VP, Neil...

Kroll Finds AML Enforcement is Not Slowed by Covid-19

Polly Jean HarrisonAugust 30, 2021August 27, 2021

by Polly Jean HarrisonAugust 30, 2021August 27, 2021

#AML enforcement is not slowed by #Covid-19 finds @KrollWire...

In the Last 12 Months, the FCA Has Received Over 2500 Allegations of Financial Misconduct

Francis BignellAugust 13, 2021August 12, 2021

by Francis BignellAugust 13, 2021August 12, 2021

#Fraud, #AML, #compliance, and customer treatment are just a few of the 2,754 separate allegations logged against the @TheFCA in the last year....

Firms Making £10million a Year Only Spend 1.72% Of Revenue on Financial Crime Prevention

Francis BignellAugust 1, 2021July 30, 2021

by Francis BignellAugust 1, 2021July 30, 2021

UK financial institutions spend an average of £374k each year on preventing #financialcrime finds @DWF_Law in its latest survey. #cybersecurity #cybercrime...

Transact Payments: Easing the Complexities of the Payment Ecosystem

The Fintech TimesJuly 29, 2021July 28, 2021

by The Fintech TimesJuly 29, 2021July 28, 2021

With a multitude of #fintechs working on innovative ways of entering the #paymentecosystem, @TPL_eMoney simplify the complexities of it. #paytech...

SmartSearch: UK Businesses Need to Work With New EU Agency

Nathan GoreJuly 18, 2021July 14, 2021

by Nathan GoreJuly 18, 2021July 14, 2021

Leading UK #RegTech specialist @SmartSearch has warned the UK needs to coordinate with AMLA, a new anti-money-laundering agency recently formed by the EU....

Sumsub: How Fintech Companies Lose Hundreds Thousands a Day To Fake Identities

Tyler SmithJuly 16, 2021July 14, 2021

by Tyler SmithJuly 16, 2021July 14, 2021

As the use of #deepfakes and fraudulent identities rises across the globe, we sat down with Jacob Sever of @Sumsubcom to discuss how #fintechs can...

Mansion House Consulting: Make the Most of ISO 20022 Before It Is Too Late

Tyler SmithJuly 15, 2021July 14, 2021

by Tyler SmithJuly 15, 2021July 14, 2021

For all the benefits associated with #ISO20022, there appears to be slow uptake from firms outside of the first tier. To better convey the positives...

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