CFOtech UK - Technology news for CFOs & financial decision-makers

Financial crime stories

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Innovate Finance collaborates to speed up RegTech industry initiatives
Last week
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fintech
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digital initiatives
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collaboration
Innovate Finance, City of London Corporation, and Encompass Corporation launch a RegTech Platform to expedite fintech initiatives, provide guidance to RegTech providers, and address sector challenges.
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Dow Jones to launch AI-powered platform to revolutionise due diligence
This month
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compliance
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ai
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agility
Dow Jones Risk and Compliance is set to launch an AI-powered research platform, Dow Jones Integrity Check, promising to revolutionise diligence reports.
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Encompass appoints Neil Acworth as new Chief Information Security Officer
Last month
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cloud services
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compliance
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encompass
Neil Acworth steps into the role of Chief Information Security Officer at Encompass Corporation, bolstering the firm's commitment to delivering robust, data-centred financial security measures.
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Encompass Corporation named 'One to Watch' in FCC50 list by Chartis Research
Last month
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digital transformation
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compliance
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research
Specialist in compliance technology, Encompass Corporation, earns 'One to Watch' status from Chartis Research's FCC50 list, highlighting performance in battling financial crime.
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Ripjar unveils Compliance CoPilot for risk monitoring
Last month
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ml
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ai
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financial crime
London's Ripjar launches Compliance CoPilot, an AI-risk management assistant, aiming to revolutionise threat monitoring.
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PPRO bolsters leadership with new legal & compliance appointments
Last month
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fintech
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digital banking
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open banking
PPRO has bolstered its leadership, appointing Selene Brett as Chief Legal, Risk and Compliance Officer, and Marc Kuzak and Massimiliano Conte as Legal and Compliance Director respectively to bolster governance.
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Global AML system spend to hit USD $51.7bn by 2028, driven by AI use
Last month
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ai
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aml
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legal
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.
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Dow Jones launches pioneering investment screening tool with BIGTXN
Wed, 31st Jan 2024
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fintech
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compliance
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s&p dow jones
Dow Jones Risk and Compliance unveils Risk and Compliance Financial Instruments, a cutting-edge solution for optimising pre- and post-trade investment screening amid an increasingly complex regulatory environment.
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SAS lauded as leader in AML transaction monitoring by Chartis Research
Wed, 24th Jan 2024
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big data
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bi
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data analytics
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.
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LRN's anti-fraud courses receive accreditation in Singapore
Fri, 19th Jan 2024
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cybersecurity
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financial crime
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aml
Singapore battles rising online scams as LRN Corporation delivers accredited courses to enhance ethical practices in the financial sector, in line with the Monetary Authority regulations.
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Encompass Corporation honoured as leader on RegTech100 list
Mon, 11th Dec 2023
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martech
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cx
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compliance
Encompass Corporation's dynamic Know Your Customer (KYC) process automation platform earns them a place in the 2024 RegTech100 list.
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ST Engineering plans to enhance digital transformations in financial services
Mon, 20th Nov 2023
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digital transformation
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advanced persistent threat protection
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5g
ST Engineering will enhance digital transformation in finance by expanding cybersecurity solutions, in partnership with the non-profit Elevandi.
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The high cost of the cybersecurity skills gap: Why we need to act now
Wed, 17th May 2023
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advanced persistent threat protection
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cybersecurity
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skills gap
There is a worldwide cybersecurity professional shortage. But what does this mean for cybercriminals? More easy money to make.
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Cryptocurrency-related phishing attacks up by 40% - report
Thu, 13th Apr 2023
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malware
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cryptocurrency
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blockchain
In 2022 the number of cryptocurrency-related phishing attacks prevented by Kaspersky anti-phishing systems increased by 40% compared to the previous year.
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Sentinels fights financial crime with new transaction monitoring progam
Wed, 25th Jan 2023
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saas
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cybersecurity
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financial crime
The SaaS platform is designed to help financial institutions detect and eliminate financial criminality with greater speed and accuracy.
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SAS awards Zencos as the 2022 ANZ Partner of the Year
Wed, 17th Aug 2022
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cybersecurity
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partner programmes
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partner awards
SAS has recognised US-based financial crimes and data consulting firm Zencos with the 2022 Australia and New Zealand Partner of the Year award.
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Big business in cryptocurrencies and cybercrime
Wed, 10th Aug 2022
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malware
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ransomware
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cryptocurrency
Cryptocurrencies are valuable, digital, anonymous, and can be used across borders - they can be sent to others anytime, anywhere.
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Hundreds arrested, millions seized in global INTERPOL investigation
Mon, 20th Jun 2022
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contact centre
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email security
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cybersecurity
INTERPOL crackdown on telecom and social engineering scams results in 2,000 arrests and $50m of illicit funds intercepted.
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SAS and Zencos to crack down on financial crime in Australia
Mon, 6th Dec 2021
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cloud services
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cybersecurity
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aml
SAS and Zencos extend their partnership to Australia, offering an AML cloud solution for the financial sector.
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Wynyard Group sees significant revenue growth
Mon, 18th May 2015
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wynyard group
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contracts
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financial crime
Wynyard currently expects revenue in the range of $40 to $45 million for FY15. Wynyard reported revenue of $26 million in FY14.
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NZ payments systems ripe for regulation, Orwell CEO Sanchez says
Thu, 13th Nov 2014
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regulation
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financial crime
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digital infrastructure
New Zealand's payments and settlements system is lagging behind the rest of the world in terms of regulation, and a new framework is needed for a s.
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Crime pays as Wynyard prepares to double Aus team
Tue, 22nd Jul 2014
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wynyard group
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cios
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software
Wynyard Group opens Asia Pacific Operation Centre in Sydney, supporting growth and new contracts in the region.
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Wynyard Group buys UK anti-crime database
Tue, 23rd Jul 2013
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physical security
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sales
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cios
Fresh from listing on the New Zealand Stock Exchange, Wynyard Group has secured exclusive rights of the MHA Gateway service, an online anti-financial crime resource, for an undisclosed sum.