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Anti-money laundering (AML) Stories - Page 13

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Anti-money laundering (AML) stories

Haast raises AUD $6 million to expand AI compliance platform
Risk & Compliance

Haast raises AUD $6 million to expand AI compliance platform

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.

By Kaleah Salmon • 3 min read • Thu, 8th May 2025
Fivecast's platform revolutionises financial crime detection
Data Analytics

Fivecast's platform revolutionises financial crime detection

Fivecast has launched a groundbreaking AI-driven platform to bolster financial crime investigations, aiding institutions in meeting stringent AML compliance demands.

By Shannon Williams • 3 min read • Wed, 2nd Apr 2025
Exclusive: GBG's Carol Chris on innovation, fraud prevention and growth
Unified Communications

Exclusive: GBG's Carol Chris on innovation, fraud prevention and growth

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

By Melania Watson • 5 min read • Fri, 14th Mar 2025
Survey reveals slow adoption of AI in anti-money laundering
Risk & Compliance

Survey reveals slow adoption of AI in anti-money laundering

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.

By Sean Mitchell • 4 min read • Wed, 26th Feb 2025
Starburst reports record revenues with AI-driven growth
Virtualisation

Starburst reports record revenues with AI-driven growth

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

By Melania Watson • 2 min read • Fri, 21st Feb 2025
Vespia partners with Mastercard to streamline onboarding
Payment Technologies

Vespia partners with Mastercard to streamline onboarding

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

By Kaleah Salmon • 2 min read • Thu, 20th Feb 2025
Romance scams reach six-year high, Moody's reports
Social Media

Romance scams reach six-year high, Moody's reports

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.

By Shannon Williams • 3 min read • Thu, 13th Feb 2025
Ondo Finance launches tokenised US Treasuries on XRP Ledger
Blockchain

Ondo Finance launches tokenised US Treasuries on XRP Ledger

Ondo Finance has unveiled tokenised U.S. Treasuries on the XRP Ledger, boosting institutional access to short-term securities via Ripple USD.

By Melania Watson • 3 min read • Wed, 29th Jan 2025
Ripjar study shows GenAI set to reshape AML compliance
Risk & Compliance

Ripjar study shows GenAI set to reshape AML compliance

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

By Shannon Williams • 3 min read • Tue, 3rd Dec 2024
CoinFlip Wallet launches in Australia & New Zealand
Crypto

CoinFlip Wallet launches in Australia & New Zealand

CoinFlip has launched its Wallet service in Australia and New Zealand, enhancing the ease of cryptocurrency transactions for users in the region.

By Melania Watson • 3 min read • Tue, 19th Nov 2024
Mike Nawrocki joins Jumio as new Chief Revenue Officer
Biometrics

Mike Nawrocki joins Jumio as new Chief Revenue Officer

Jumio has appointed Mike Nawrocki as Chief Revenue Officer, bringing over 25 years of sales leadership to enhance its identity verification solutions.

By Imee Dequito • 2 min read • Mon, 18th Nov 2024
Experts urge vigilance against growing digital fraud risks
Firewalls

Experts urge vigilance against growing digital fraud risks

Experts warn that rising digitalisation fuels fraud, with AI aiding cybercriminals, prompting calls for robust security and real-time threat response.

By Melania Watson • 3 min read • Thu, 14th Nov 2024

Stories from Other Regions

Anti-money laundering (AML) stories

SAS acknowledged as leader in AI, risk & analytics
Internet of Things

SAS acknowledged as leader in AI, risk & analytics

SAS has been acknowledged by top analysts as a leader in risk management, fraud, AI, and analytics, reinforcing its critical role for financial institutions.

By Melania Watson • 2 min read • Fri, 7th Feb 2025
Outsourcing AML: Five key factors for financial firms
Outsourcing

Outsourcing AML: Five key factors for financial firms

EFI advises financial institutions on five key considerations for outsourcing AML operations amid rising regulatory pressures and operational costs.

By Sean Mitchell • 3 min read • Thu, 21st Nov 2024
Jumio partners with LatticeFlow AI for enhanced ID security
Risk & Compliance

Jumio partners with LatticeFlow AI for enhanced ID security

Jumio has formed a strategic partnership with LatticeFlow AI to enhance AI-driven identity verification and bolster fraud protection ahead of EU regulations.

By Kaleah Salmon • 2 min read • Tue, 12th Nov 2024
Continuous screening vital to detect 75% more money mules
EduTech

Continuous screening vital to detect 75% more money mules

A study by Synectics reveals that 75% of money mules remain undetected without continuous KYC and AML screening, presenting a major threat to banks.

By Shannon Williams • 3 min read • Fri, 8th Nov 2024
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