2+ day, 20+ hour ago   (1590+ words) Financial crime is becoming faster, more connected and increasingly difficult to detect through isolated compliance checks. As financial institutions add more AML, KYC, fraud and sanctions tools, experts warn that fragmented customer risk data could itself become vulnerable. The individual…...

2+ day, 22+ hour ago   (318+ words) Unlimit, a global financial infrastructure company, has secured a money service operator licence in Hong Kong, strengthening its presence in the Asia-Pacific region and enabling it to develop local payment channels from the city. The licence was granted by Hong…...

3+ day, 11+ hour ago   (299+ words) Enterprise adoption of artificial intelligence is moving far faster than the governance structures meant to keep it in check, exposing organisations to risks that traditional oversight tools were never built to catch. According to Theta Lake, the widening gap between…...

3+ day, 19+ hour ago   (450+ words) BrightPlan, an AI-powered financial wellness platform built for global enterprises, has marked its 10th anniversary with the announcement of the first closing of its Series C funding round. The round is being led by ABS Capital Partners, a growth equity firm…...

4+ day, 1+ hour ago   (299+ words) The Bank of Thailand, the country’s central monetary authority responsible for overseeing financial stability and payments infrastructure, is preparing to roll out a sector-wide framework aimed at curbing digital fraud across the kingdom’s financial system. Beyond the collective declaration, the…...

4+ day, 19+ hour ago   (396+ words) Politically Exposed Person (PEP) screening is the process compliance teams use to determine whether a customer, counterparty or beneficial owner holds a public position that carries an elevated risk of bribery, corruption or money laundering. According to Opoint, being flagged…...

4+ day, 20+ hour ago   (164+ words) Static, rule-based fraud detection is becoming a liability for growing FinTechs, flagging legitimate customers as often as it catches genuine criminals. According to SmartSearch, rules built around fixed thresholds, such as transaction size or location, generate a flood of false…...

4+ day, 23+ hour ago   (199+ words) Fenergo has been chosen by Ninety One, the global investment manager overseeing £184bn in assets under management, to underpin a major digital transformation of its operating model. The partnership sees Ninety One adopt Fenergo’s unified platform to bring together Know Your…...

4+ day, 22+ hour ago   (280+ words) One Mortgage System (OMS), a mortgage CRM and loan origination platform for intermediaries and lenders, has integrated with Scroll Finance, the specialist second charge buy-to-let lender operating under Perenna Bank PLC. The integration enables brokers to take a case from…...