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Financial crime Stories

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Financial crime stories

Spektr adds AI tools to anti-money laundering platform
Software-as-a-Service

Spektr adds AI tools to anti-money laundering platform

Banks are under pressure to prove anti-money laundering controls after FCA fines topped GBP £300 million since 2021.

By Karen Joy Bacudo • 3 min read • This month
Safeguarding, not victim-blaming: why fraud prevention needs a fundamental mindset shift
Data Protection

Safeguarding, not victim-blaming: why fraud prevention needs a fundamental mindset shift

Victims are being left to fend for themselves as fraud becomes industrialised, with many still blaming themselves after scams.

By Alice Taylor • 3 min read • This month

Global Stories

Financial crime stories

Shufti launches EU AMLR compliance service for firms
Data Protection

Shufti launches EU AMLR compliance service for firms

Firms across the bloc face stricter proof requirements as the EU's new anti-money laundering rulebook standardises checks and ongoing monitoring.

By Joseph Gabriel Lagonsin • 4 min read • Last week
Shufti wins Gartner honour for global identity coverage
Software-as-a-Service

Shufti wins Gartner honour for global identity coverage

Businesses onboarding customers abroad may benefit, as Shufti's document checks now cover more than 10,000 identity types in 240 countries.

By Joseph Gabriel Lagonsin • 4 min read • Last week
Shufti adds digital signatures & Travel Rule tools
Gaming

Shufti adds digital signatures & Travel Rule tools

European firms face tighter audit and AML demands as Shufti links verified identities to signing, transaction monitoring and crypto transfers.

By Joseph Gabriel Lagonsin • 4 min read • Last week
FARx appoints ex-BT executive as Chairman for expansion
Gaming

FARx appoints ex-BT executive as Chairman for expansion

Seed-backed FARx is ramping up abroad as deepfake and identity-fraud attacks push demand for its biometric authentication tools.

By Sofiah Nichole Salivio • 3 min read • Last week
Banks & fintechs test stablecoins for cross-border payments
Fintech

Banks & fintechs test stablecoins for cross-border payments

Cross-border transfer costs may fall as nearly half of banks and fintechs are already using or piloting stablecoins, ACI Worldwide says.

By Joseph Gabriel Lagonsin • 3 min read • This month
SEON partners Exist Software Labs on fraud tools in Asia
Software-as-a-Service

SEON partners Exist Software Labs on fraud tools in Asia

The deal gives banks and fintechs in the Philippines and Southeast Asia wider access to fraud checks as online transactions surge.

By Joseph Gabriel Lagonsin • 3 min read • This month
Prevalent AI appoints new CTO after USD $22m raise
Cloud Security

Prevalent AI appoints new CTO after USD $22m raise

The USD $22 million backing is set to fund product expansion into financial crime and compliance as the London-based firm broadens beyond cybersecurity.

By Sofiah Nichole Salivio • 4 min read • This month
Young Britons far more likely to be scammed online
Phishing

Young Britons far more likely to be scammed online

Britons aged 25 to 34 are three times as likely as over-65s to fall victim, with social media and AI worsening scams.

By Sofiah Nichole Salivio • 5 min read • This month
Ransomware attacks hit 894 as AI boosts cyber crime
Malware

Ransomware attacks hit 894 as AI boosts cyber crime

North America and Europe bore most of the 894 July ransomware incidents as NCC Group warned AI tools are accelerating attacks.

By Joseph Gabriel Lagonsin • 3 min read • Last month

Stories from Other Regions

Financial crime stories

Deloitte urges Canada regulatory reform to boost growth
Data Protection

Deloitte urges Canada regulatory reform to boost growth

Stronger anti-money laundering reforms could lift Canada's economy by CAD $216 billion over a decade, Deloitte says.

By Karen Joy Bacudo • 4 min read • Today
Peoples Group taps Feedzai ahead of Real-Time Rail
Fintech

Peoples Group taps Feedzai ahead of Real-Time Rail

Fraud checks are being upgraded before Canada's instant payments network goes live, as Peoples Group seeks to stop scams in real time.

By Karen Joy Bacudo • 4 min read • Today
Savira launches free privacy tools for small firms
Software-as-a-Service

Savira launches free privacy tools for small firms

More than 100,000 small businesses are now in privacy regulators' sights as tougher rules push demand for cheaper compliance tools.

By Sean Mitchell • 4 min read • Yesterday
Numeracle launches corporate KYCaaS identity checks
Network Security

Numeracle launches corporate KYCaaS identity checks

Growing fraud fears are driving demand for continuous business identity checks, as Numeracle targets telecoms and other platforms with its KYCaaS service.

By Sofiah Nichole Salivio • 5 min read • Last week
Raiz cuts account opening times with Alkami platform
Digital Transformation

Raiz cuts account opening times with Alkami platform

Members now open and fund accounts far faster as Raiz slashed online onboarding from up to nine days to about four minutes.

By Karen Joy Bacudo • 4 min read • This month
EY India says agentic AI could lift treasury forecasts
Manufacturing

EY India says agentic AI could lift treasury forecasts

Treasury teams could cut forecast errors and free staff from manual work if they fix fragmented data and weak governance, EY India said.

By Karen Joy Bacudo • 4 min read • This month