Financial crime stories
Banks warned to pair eIDV with address checks as data quality becomes central to spotting synthetic identities and strengthening KYC and KYB controls.
Spektr lands USD $20 million Series A from NEA as Copenhagen AI compliance platform targets manual checks at banks and fintechs.
Tether leads USD $150 million recovery plan as Drift Protocol seeks to restore user balances and restart trading after April exploit.
Ecommpay urges eCommerce overhaul as fraud report says current controls miss social engineering, distort competition and leave merchants exposed.
BMO broadens quantum outreach with new partnerships in Canada and Chicago, aiming to shape banking's readiness on security, talent and governance.
Oracle expands its financial crime platform with Lucinity's AI investigation tools, aiming to cut compliance workloads for banks and regulated firms.
Researchers link Android banking trojan to Cambodia scam compound, exposing a malware-for-hire network impersonating banks and agencies across 21 countries.
Cambodia scam compounds are being tied to a mobile banking fraud network that hit users in 21 countries, researchers say.
Persistent and Databricks launch Merchant Risk Management and Fraud Detection solution for banks and payment providers facing rising digital payment fraud.
Custodia says financial firms must widen record-keeping to cover collaboration tools, messaging apps and AI-generated content as regulators step up scrutiny.
CommBank deploys agentic AI to uncover emerging fraud and scam patterns, generating detection rules across 80 million daily payment signals.
Australia's online gambling operators face tighter identity checks as regulators intensify scrutiny over fraud, money laundering and responsible gaming.
SEON targets stronger Indonesia growth as banks and payments groups step up fraud controls amid rapid digital finance expansion and tougher oversight.
Standard Chartered and A*STAR have launched a SGD$15 million Singapore AI lab to turn research into banking tools for fraud checks and faster analysis.
Entrust rolls out Australia-ready identity verification using government records, biometrics and AI as tougher AML rules widen compliance checks.
Equifax Canada flags 31% jump in first-party fraud as credit cards and banking see more applicants overstating income and finances.
UK banks face a sharp rise in authorised fraud as phishing, purchase scams and stolen-device attacks surge, BioCatch data shows.
GSMA says Japan must accelerate 5G standalone rollout, close a growing grey digital divide and tighten online security to lift productivity.
UK banks urged to use customer profiling, real-time monitoring and ecosystem data sharing to curb authorised push payment losses and protect trust.
Foreign banks in Australia face pressure to tighten anti-money laundering checks after AUSTRAC found weak reporting, blind spots and money mule exposure.
