financial crime - FinTecBuzz

FinScan set for another record year with double-digit revenue growth

September 10, 20247 min

FinScan®, an Innovative Systems, Inc. solution, is proud to announce a series of successes it has achieved throughout 2023 and 2024. The accomplishments highlight the company’s commitment to technological innovation, customer satisfaction, and market adaptation and the response from new and existing customers resulting in double-digit revenue growth over the last year. FinScan has achieved several key technological milestones meeting the evolving needs of the financial services industry. The launch of FinScan Securities, one of...

by PRNewswire

Compliance & Scoring

Lucinity Secures Patent for Federated Learning AI

September 5, 20244 min

Lucinity, the global leader in AI software for financial crime compliance, has secured a second patent from the US for its proprietary federated learning technology, which provides a unique approach to allow global financial systems to share algorithmic learning patterns without having to share sensitive data. Intelligence can be securely shared across multiple entities, improving collaboration. This helps enhance AI models for boosting productivity and detecting cross-border financial crimes, while also enabling proactive measures to prevent...

by GlobeNewswire

Compliance & Scoring

Datos Insights Recognizes TransUnion for Best Authentication Innovation

August 22, 20244 min

Datos Insights recognizes innovations leading the industry and pioneering new and disruptive financial crime products and capabilities

by PRNewswire

Compliance & Scoring

Secura/Isaac Group & Consilient Announce Strategic Alliance

August 20, 20245 min

Secura/Isaac Group Partners with Consilient to Revolutionize Financial Crime Detection for Clients

by PRNewswire

Compliance & Scoring

IVIX Grows Leadership Team with New CRO and Other Senior Hires

August 6, 20248 min

Former Mastercard executive Stephen Ryan, cybersecurity expert Andrey Shomer, Linoy Fradkin and Melissa Anderson to join the growing company that helps governments address pervasive financial crime at scale

by BusinessWire

Banking

Napier AI and Salt Bank to secure NextGen banking in Romania

May 14, 20245 min

Napier AI, the London-based financial crime compliance RegTech, is pleased to its solution as the anti-money laundering (AML) platform for Salt Bank, the first Romanian neobank with the fastest growing in Southeastern Europe. Napier AI provides its Transaction Screening product in a cloud environment, to Salt Bank. The solution will enable Salt Bank to handle 100s of millions of transactions easily. This award-winning solution is equipped with: a user-friendly interface with customisable workflows; Deployment in the cloud; a...

by PRNewswire

Compliance & Scoring

AML RightSource Named to FinTech Global’s FinCrimeTech50 List

May 9, 20244 min

FinTech Global showcases AML RightSource's commitment to integrating cutting-edge technology with a people-first approach, ensuring the highest standards of compliance and risk management in the financial sector.

by PRNewswire

Banking

Permira to acquire Majority Position in BioCatch at $1.3bn Valuation

May 3, 20247 min

Permira Growth Opportunities Transaction builds on initial minority investment made in early 2023 to acquire a majority position and support BioCatch's accelerated growth within online fraud detection and financial crime prevention

by PRNewswire

Compliance & Scoring

ComplyAdvantage announced the acquisition of Golden

April 24, 20245 min

The acquisition—alongside the addition of Andreessen Horowitz as a shareholder—accelerates ComplyAdvantage's AI capabilities and solidifies its position as one of the industry-leading providers of financial crime insights

by WorkFusion

Compliance & Scoring

WorkFusion Rolls Out GenAI-Powered Digital Workers

April 16, 20247 min

AML regulatory compliance solutions increase automation rates, further reduce the potential for errors, and deliver enhanced narrative creation

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