Financial crime Stories

Asian Stories

Financial crime stories

Asia's agentic AI in banking: Trusted data will decide who wins

Banks could cut operating costs by 20% to 30% by 2028, but only if they fix duplicated, outdated customer records first.

By Edmund Ng • 5 min read • Last week

Software-as-a-Service

Fenergo launches Fen-AI platform for bank compliance

Banks could cut onboarding and compliance workloads as Fenergo's Fen-AI ties every AI action to a full audit trail for regulators.

By Mark Tarre • 4 min read • Last week

Global Stories

Financial crime stories

Data Protection

Incode launches GovFaceMatch for US state DMV checks

The new service aims to curb AI-driven identity fraud while speeding up checks that often drive genuine users away.

By Sean Mitchell • 4 min read • Today

Phishing

Autonomous AI agents could drive 90% of fraud by 2028

Scam losses are rising faster than human fraudsters alone can explain, with AI-enabled cases in the US already topping USD $900 million.

By Sean Mitchell • 4 min read • Today

Data Protection

Visa to buy BioCatch in USD $2.4 billion cash deal

The deal would bolster Visa's push into fraud prevention as banks battle account takeovers, scams and money mule activity.

By Karen Joy Bacudo • 4 min read • Yesterday

Data Protection

Fintech growth exposes security & finance weaknesses

Rising use of digital payments is forcing fintechs to tighten controls as executives warn that weak access, AI and fraud defences are exposing customers.

By Karen Joy Bacudo • 6 min read • 2 days ago

Data Protection

How can phishing-resistant authentication strengthen AML compliance across the accounting sector?

Phishing-resistant logins could curb account takeovers that let criminals tamper with tax data, refunds and audit trails across firms.

By Geoff Schomburgk • 6 min read • 3 days ago

Ransomware

Fintech leaders warn innovation outpaces cyber resilience

Faster digital payments are leaving fintech firms exposed as regulators and attackers pressure weak controls and resilience across the sector.

By Sofiah Nichole Salivio • 4 min read • 3 days ago

Software-as-a-Service

Fintech leaders say AI & AML shifts cut finance costs

Finance chiefs are facing tighter budgets as AI automation and new AML rules turn once-discretionary tech spend into a cost imperative.

By Mark Tarre • 4 min read • 3 days ago

Digital Transformation

Fintech leaders warn of tougher rules for digital assets

Tighter oversight is forcing digital asset firms and UK finance teams to upgrade controls, data and compliance before new deadlines bite.

By Sofiah Nichole Salivio • 6 min read • Last week

Fintech

BNPL Fraud in Australia: Why new rules make data quality critical

New licensing rules mean BNPL providers must verify identities and addresses more accurately or risk fraud losses and compliance breaches.

By Edmund Ng • 5 min read • Last week

Stories from Other Regions

Financial crime stories

Software-as-a-Service

Trustmi launches AI investigation agent for B2B fraud

Fraud probes should move faster as the new tool links payment, email and vendor data for security and finance teams.

By Mark Tarre • 4 min read • Yesterday

Fintech

Beyond capital: How Scotland is shaping the future of fintech

Private backing and public funding are helping Scottish fintech firms scale AI tools, with Aveni's GBP £12 million round and FRIL's GBP £3.18 million boost.

By Pamela Bryer • 4 min read • 3 days ago