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Financial crime Stories - Page 27

UK Stories

Financial crime stories

Lucinity launches AI copilot plug-in at Money2020 Europe
Customer Relationship Management

Lucinity launches AI copilot plug-in at Money2020 Europe

Lucinity unveils an advanced AI copilot plug-in at Money2020 Europe, promising instant ROI and up to 90% productivity boosts for financial institutions.

By Sean Mitchell • 3 min read • Mon, 10th Jun 2024
UK SMEs eye global expansion despite banking challenges
Fintech

UK SMEs eye global expansion despite banking challenges

A new report by IFX Payments reveals that 78% of UK SMEs are set to expand globally despite facing challenges from ring-fencing regulations and Brexit.

By Catherine Knowles • 4 min read • Thu, 6th Jun 2024
Innovate Finance collaborates to speed up RegTech industry initiatives
Unified Communications

Innovate Finance collaborates to speed up RegTech industry initiatives

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.

By Catherine Knowles • 3 min read • Mon, 15th Apr 2024

Global Stories

Financial crime stories

Dark web sees surge in pricey software exploit listings
Advanced Persistent Threat Protection

Dark web sees surge in pricey software exploit listings

Kaspersky has identified 547 dark web listings for software vulnerability exploits from January 2023 to September 2024, with average prices hitting $100,000.

By Shannon Williams • 3 min read • Thu, 10th Oct 2024
BioCatch report underscores evolving fraud landscape in APAC
Endpoint Protection

BioCatch report underscores evolving fraud landscape in APAC

BioCatch's latest report reveals a dramatic shift in the APAC fraud landscape, with 70% of scams now stemming from mobile apps, highlighting new vulnerabilities.

By Catherine Knowles • 3 min read • Wed, 26th Jun 2024
HSBC & BNY Mellon to pilot Quantexa's new AI technology
Risk & Compliance

HSBC & BNY Mellon to pilot Quantexa's new AI technology

HSBC and BNY Mellon join Quantexa's Lighthouse Programme to deploy Q Assist, a context-aware generative AI suite, debuting at London Tech Week to optimise financial services.

By Catherine Knowles • 3 min read • Tue, 11th Jun 2024
Dow Jones to launch AI-powered platform to revolutionise due diligence
Risk & Compliance

Dow Jones to launch AI-powered platform to revolutionise due diligence

Dow Jones Risk and Compliance is set to launch an AI-powered research platform, Dow Jones Integrity Check, promising to revolutionise diligence reports.

By Tom Raynel • 3 min read • Wed, 10th Apr 2024
Encompass appoints Neil Acworth as new Chief Information Security Officer
Risk & Compliance

Encompass appoints Neil Acworth as new Chief Information Security Officer

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.

By Imee Dequito • 3 min read • Wed, 27th Mar 2024
Encompass Corporation named 'One to Watch' in FCC50 list by Chartis Research
EduTech

Encompass Corporation named 'One to Watch' in FCC50 list by Chartis Research

Specialist in compliance technology, Encompass Corporation, earns 'One to Watch' status from Chartis Research's FCC50 list, highlighting performance in battling financial crime.

By Catherine Knowles • 3 min read • Tue, 19th Mar 2024
Ripjar unveils Compliance CoPilot for risk monitoring
Generative AI

Ripjar unveils Compliance CoPilot for risk monitoring

London's Ripjar launches Compliance CoPilot, an AI-risk management assistant, aiming to revolutionise threat monitoring.

By Shannon Williams • 3 min read • Thu, 14th Mar 2024
PPRO bolsters leadership with new legal & compliance appointments
Fintech

PPRO bolsters leadership with new legal & compliance appointments

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.

By Imee Dequito • 3 min read • Mon, 11th Mar 2024
Global AML system spend to hit USD $51.7bn by 2028, driven by AI use
Real estate

Global AML system spend to hit USD $51.7bn by 2028, driven by AI use

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.

By Kaleah Salmon • 3 min read • Tue, 5th Mar 2024
Dow Jones launches pioneering investment screening tool with BIGTXN
Fintech

Dow Jones launches pioneering investment screening tool with BIGTXN

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.

By Sean Mitchell • 2 min read • Wed, 31st Jan 2024
SAS lauded as leader in AML transaction monitoring by Chartis Research
Data Analytics

SAS lauded as leader in AML transaction monitoring by Chartis Research

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.

By Sean Mitchell • 3 min read • Wed, 24th Jan 2024

Stories from Other Regions

Financial crime stories

Asian banks face rising crime threat due to low AI use
Digital Transformation

Asian banks face rising crime threat due to low AI use

A report reveals that over 50% of financial institutions in Asia are failing to adopt AI for anti-money laundering, risking exposure to financial crime.

By Melania Watson • 3 min read • Tue, 29th Oct 2024
Busting money laundering in Australia is dependent on making better data connections
Generative AI

Busting money laundering in Australia is dependent on making better data connections

The persistent ability of criminals to exploit legitimate structures to launder money has banks and others on the hunt for new tools and techniques to counter the threat.

By Peter Philipp • 5 min read • Thu, 24th Oct 2024
AI's role in global digital fraud exposed by BioCatch study
Artificial Intelligence

AI's role in global digital fraud exposed by BioCatch study

A BioCatch study reveals that artificial intelligence (AI) is increasingly used by criminals for financial crime and digital fraud, posing significant challenges to global financial institutions.

By Catherine Knowles • 3 min read • Wed, 1st May 2024