Anti-money laundering (AML) stories - Page 6

Global spend on Anti-Money Laundering systems by non-financial entities is set to soar 170%, reaching $6.3 billion by 2028, driven by stricter regulations.

First AML launches AI Assist, promising to reduce compliance tasks to 60 seconds, expediting KYC and AML processes by 90% through automated data extraction.

In a strategic move, TrustQuay Viewpoint appoints industry veteran, Guy Harrison, as CEO to enhance global development and facilitate the digital transformation in the TCSP sector.

Oracle unveils AI-powered Finance Services Compliance Agent to help banks combat a predicted $5.05tn in money laundering in 2024, through enhanced transaction monitoring and risk-control efficiency.

Emerge, a disruptive platform aimed at revolutionising New Zealand's business banking landscape, has launched.

Global spending on Anti-Money Laundering (AML) systems is projected to reach USD $51.7 billion by 2028, an 80% increase driven by AI's role in enhancing risk assessment, according to Juniper Research.

Lithuanian RegTech firm, iDenfy, teams up with Czech fintech, CO2IN, to bolster the verification process, making carbon credit transactions safer and directly aiding the fight against climate change.

Fraud prevention platform, SEON, recruits Björn Heckel, seasoned tech executive from Uber and Salesforce, as CTO to reinforce its commitment to fighting fraud and boosting enterprise solutions.

In its inaugural AML transaction monitoring solutions evaluation, Chartis Research recognises analytics giant SAS as a category leader, underscoring its impressive capabilities in analytical modelling, risk typology modelling, and workflow automation.

Swiss-based Partisia Blockchain takes centre stage at the inaugural World Crypto Forum, promoting the discourse on decentralisation alongside launching a new product.

An SAS consumer fraud study indicates higher global fraud awareness, urging robust protective measures against evolving scam tactics.

First AML launches Source, a self-service platform to reinvent AML workflows, offering hope to businesses grappling with regulatory challenges.

New Zealand's Jade Software has appointed Justin Mercer as CEO after serving as interim CEO following previous CEO Charlotte Walshe's departure.

Jade Software CEO, Charlotte Walshe, to depart in 2023. The company has seen steady revenue growth under her leadership.

The latest Forrester report revealed that SAS received the highest score in the anti-money laundering category of 15 vendors.

Chartis has named SAS a category leader in trade-based anti-money laundering (TBAML) for its broad end-to-end automation and deep risk analytics capabilities.

A third of financial institutions are accelerating their AI and machine learning adoption for anti-money laundering technology in response to COVID-19.

A third of financial institutions are speeding up their adoption of AI and ML for AML technology due to COVID-19, according to a new industry study.

Financial institutions in Asia Pacific accumulate over $10.6bn in penalties for non-compliance with regulations, says Fenergo.

The Office of the Privacy Commissioner has awarded First AML a Privacy Trust Mark for its anti-money laundering platform.