financial-crime
TechnologyKYC & Changing Risk — The Critical Role of KYC in Onboarding and Modern Compliance
BankingNavigating the Complexities of Transaction Reporting
BusinessAddressing Expense Fraud: A Vital Concern for Businesses Amidst Economic Strain in the UK
TechnologyWhy Online Fraud Prevention Is Getting Harder Than Ever
The AI Data Gap Causes Problems for Small Financial Institutions
Date: May 15, 2024
The AI Data Gap causes problems for Small Financial Institutions By Al Pascual, Cybercrime Expert, Founder, Inventor, and Advisor for BioCatch Artificial intelligence (AI) has been a crucial tool for financial institutions (FIs) in the fight against fraud for the last thirty years. Once the purview of card networks and payment processors decisioning transactions, AI...
Why Regulators Need to Adopt AI Now
Date: March 4, 2024
Why regulators need to adopt AI now Daoud Abdel Hadi, Lead Data Scientist, Eastnets and Seun Sotuminu, Data Scientist, PDM, Eastnets It’s a new world – defined by rapid technological advancements, and witnessing more organisations embracing AI. To navigate this ever changing landscape, it is essential that regulators recognise traditional governance principles no longer suffice....
AI Tops the List of Biggest Threats to Regulated Firms This Year
Date: February 28, 2024
AI tops the list of biggest threats to regulated firms this year 55 percent of regulated businesses surveyed see AI as their biggest threat this year Over half of regulated companies in the UK see the deployment of AI as their biggest threat this year, while the evolving regulatory landscape and economic volatility top the...
Crypto Firm Circle to End Support for Usdc Stablecoin on Tron Blockchain
Date: February 21, 2024
Crypto firm Circle to end support for USDC stablecoin on Tron blockchain By Tom Wilson LONDON (Reuters) – Major U.S. crypto firm Circle will end support for its USDC token on the Tron blockchain network, a decision the company said on Wednesday “aligned with its efforts to ensure that USDC remained trusted, transparent and safe”....
Nice Actimize Targets Generative AI for Financial Crime
Date: February 16, 2024
NICE Actimize has officially launched three new Generative AI solutions to address the complex demands of fraud and financial crime operations, applying its “Thoughtful AI” approach that prioritizes data privacy, safety, and explainability. The solutions apply across NICE Actimize’s X-Sight and Xceed platforms. NICE Actimize’s new solutions target financial crime and its unique requirements, some...
Embracing Change: Nice Actimize on Generative Ai, Cloud and the Future of Financial Crime
Date: January 26, 2024
Embracing Change: NICE Actimize on Generative AI, Cloud and the Future of Financial Crime Readying the launch of new solutions that focus on the benefits of generative AI, Craig Costigan, NICE Actimize CEO, discussed with Global Banking & Finance Review Editor Wanda Rich what lies ahead for global financial institutions as they address transformation created...