Anti-money laundering (AML) stories - Page 5

MetaComp and OSL Group partner to build compliant cross-border digital finance infrastructure, linking Singapore and Hong Kong for faster, secure transactions.

SAS has been named Market Leader in AI-driven fraud and AML case management, praised for its stable platform and advanced cloud-native AI features.

AI adoption in Australia and New Zealand surges, with 21% noting gains despite a skills shortage delaying digital transformation and product development.

Siren and Flashpoint have teamed up to enhance investigations with integrated intelligence, aiding security teams against rising hybrid and cyber threats worldwide.

MetaComp urges firms to use three KYT tools for stablecoin checks after study finds single-tool setups miss up to 25% of high-risk blockchain transactions.

Celonis and Bright Cape launch Smart KYC Control Tower app to help financial firms cut costs, boost compliance and improve customer experience in KYC processes.

Relativity has launched its generative AI tools aiR for Review and aiR for Privilege across five Asian markets, enhancing legal teams' document review and privilege identification.

Sumsub and Data Zoo have partnered to deliver enhanced global fraud prevention and compliance solutions for financial institutions across 170+ jurisdictions.

AU10TIX launches AnyDoc Authentication, an AI-powered tool detecting fraud in non-ID documents with 99.99% accuracy, aiding sectors from finance to healthcare.

SEON launches AI-powered real-time AML suite, unifying fraud and compliance tools to enhance risk detection and streamline regulatory reporting.

SEON expands its Asia-Pacific team in response to growing demand for advanced fraud prevention and anti-money laundering solutions across the region.

SentBe is the first Korean fintech to win Singapore's Cross-border Remittance Licence amid rising demand from growing expatriate communities.

Neo4j launches Aura Graph Analytics, a serverless, no-ETL graph analytics solution that boosts AI insights by up to 80%, available on a pay-as-you-use basis.

Australian AI compliance startup Haast has raised AUD $6 million to expand globally and enhance its platform used by Telstra, Aviva, and Zurich for faster, automated compliance.

Carol Chris, General Manager of GBG APAC, emphasises innovation in fraud prevention amid rising data breaches, as demand for compliance solutions grows.

A survey by SAS and KPMG reveals sluggish AI and ML adoption in anti-money laundering, with only 18% of financial institutions fully implementing these technologies.

Starburst reports record financial results for FY25, fuelled by a 94% surge in cloud product adoption and a 20% increase in net new customers.

Vespia has partnered with Mastercard to enhance merchant onboarding across multiple regions, aiming to streamline processes and cut onboarding times by up to 90%.

Moody's highlights a six-year high in romance scams, unveiling 1,193 new entities globally in 2024, with the US leading at 38% of cases.

A Ripjar study reveals over 60% of compliance teams expect Generative AI to revolutionise Anti-Money Laundering processes within two years.