Tag: adverse media
Preventing fraud in a globalised world
As migration increases and globalisation continues at pace, financial institutions around the world are having to review and verify a greater range of identification...
A Year In, the Outlook for Generative AI in FS
Just over a year ago, ChatGPT launched. The excitement, anxiety and optimism associated with the new AI shows little sign of abating. In November OpenAI...
The money laundering red flags and how to prevent it in 2024
Supporting criminal activity and risking substantial fines from regulators that also damage their reputation are not things any financial institution aspires to. Yet many...
A Glimpse into the Future: Next-Gen AI and LLM in AML Compliance
From impressive AI-assisted artwork and music generation to intelligent virtual agents that provide efficient responses to customer service queries, recent breakthroughs in artificial intelligence...
Delivering effective sanctions screening amid growing FCA concerns
Finextra recently reported that many of those in financial services were found wanting with their sanctions screening efforts by the Financial Conduct Authority (FCA).
After...
Future-proofing compliance with Client Lifecycle Management (CLM)
Significant global events, such as the Russia-Ukraine war and subsequent vigorous international sanctions, have shocked compliance leaders into action. Governments around the world are...
Adverse Media Screening: Shielding Reputations
In different regulatory jurisdictions worldwide, adverse media screening is increasingly being used to protect banks and other financial service providers from risk and associated...
WorkFusion Launches AI Digital Worker Isaac to Enhance Transaction Monitoring for Banks – Finovate
AI digital workforce solution provider for banks and FIs, WorkFusion unveiled its latest digital worker, an AI transaction monitoring investigator called Isaac. Isaac...
Time to evolve your approach to know your business (KYB) checks
Fraud, whether by an individual or a business, is on the increase. This is largely due to many banking services being accessible online –...
Fintech Regulations: New Solutions in a Complex Landscape – Fintech Singapore
If one looks inside the fintech regulatory landscape, they will see a complex web of shifting laws, regulations, and frameworks.However, many jurisdictions have an...
HK Crypto Exchange JPEX Embroiled in Regulatory Scrutiny
Updated 1:00 pm. JPEX, a cryptocurrency exchange embroiled in regulatory scrutiny in Hong Kong, has announced suspension of all new trades starting Monday. The...
How SaaS is leading the way in cleaning customer data and delivering ID checks
Speeding up business processes and tasks is something evolving software-as-a-service (SaaS) has been instrumental in delivering. Today, as SaaS reaches maturity, it offers great...
Meeting the anti money laundering (AML) challenge in FinTech
Fintech investment continues to increase, reflecting investors’ trust in the financial services industry’s capacity for creativity, efficiency, and its ability to stay competitive....
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