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Financial crime stories

Coinme appoints Chief Compliance Officer for global push
Crypto

Coinme appoints Chief Compliance Officer for global push

The hire is designed to strengthen Coinme's licensing and anti-money laundering controls as it expands regulated money movement beyond the US.

By Karen Joy Bacudo • 4 min read • 4 days ago
MVB Bank taps Bretton AI for compliance operations
Fintech

MVB Bank taps Bretton AI for compliance operations

The agreement will let MVB Bank scale anti-money laundering and know-your-customer checks without adding staff as fintech compliance workloads rise.

By Karen Joy Bacudo • 4 min read • Last week

Global Stories

Financial crime stories

Why AI governance is the key to unlocking APAC's compliance backlog
Data Protection

Why AI governance is the key to unlocking APAC's compliance backlog

Backlogs, false positives and rising fines are pushing APAC compliance teams towards AI, but most firms still lack the skills to govern it safely.

By Bryan Keasberry • 5 min read • 4 days ago
Eflow grows North American client base 75% on AI push
Software-as-a-Service

Eflow grows North American client base 75% on AI push

Stricter scrutiny of trading activity is driving demand for surveillance tools, helping Eflow add 20 client relationships in North America this year.

By Karen Joy Bacudo • 3 min read • 4 days ago
Bybit sues North Korea over USD $1.5 billion theft
Blockchain

Bybit sues North Korea over USD $1.5 billion theft

A US court has frozen alleged proceeds from the hack as the exchange seeks to recover only a fraction of the missing crypto.

By Joseph Gabriel Lagonsin • 4 min read • 4 days ago
Ecommerce fraud pressure rises 33% as AI fuels attacks
Digital Transformation

Ecommerce fraud pressure rises 33% as AI fuels attacks

Account takeover and card-testing attacks surged as AI lowered the cost and speed of scams, raising pressure on online retailers.

By Joseph Gabriel Lagonsin • 4 min read • 6 days ago
Financial services leads in AI identity readiness scorecard
Digital Transformation

Financial services leads in AI identity readiness scorecard

Banks and other financial firms are under more pressure from AI-assisted identity fraud, but they outscore peers on detection and audit evidence.

By Karen Joy Bacudo • 4 min read • Last week
Bloomberg adds AI surveillance for insider dealing
Risk & Compliance

Bloomberg adds AI surveillance for insider dealing

Compliance teams could see fewer false alarms as the new models target suspicious messages tied to insider dealing and personal trading.

By Joseph Gabriel Lagonsin • 4 min read • Last week
Why enterprise AI must learn to act, not just talk
Digital Transformation

Why enterprise AI must learn to act, not just talk

Travel and banking customers could see faster resolutions as enterprises shift AI from answering queries to completing tasks end to end.

By Albert Nel • 6 min read • Last week
SAS Innovate: New era of scams requires novel solutions
Fintech

SAS Innovate: New era of scams requires novel solutions

Australians are losing billions as AI-driven fraud pushes banks, telcos and platforms to share scam data faster and stop payments earlier.

By David Shilovsky • 5 min read • Last week
Incode launches GovFaceMatch for US state DMV checks
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 • Last week
Autonomous AI agents could drive 90% of fraud by 2028
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 • Last week

Stories from Other Regions

Financial crime stories

Napier AI & Delta Capita join forces on compliance
Digital Transformation

Napier AI & Delta Capita join forces on compliance

The tie-up could cut onboarding delays and duplicate checks for banks by linking customer due diligence with AML monitoring in one workflow.

By Karen Joy Bacudo • 4 min read • 2 days ago
Ecommpay warns UK fraud review ignores platform liability
Fintech

Ecommpay warns UK fraud review ignores platform liability

Losses still ran to GBP £703.4 million as Ecommpay said ministers must widen the fraud review to cover platform liability and SIM-swap crime.

By Karen Joy Bacudo • 4 min read • 4 days ago
The new architecture of money: Stablecoins, AI and Europe's payments future
Crypto

The new architecture of money: Stablecoins, AI and Europe's payments future

Faster transfers are exposing a gap in Europe's payments systems, where firms still struggle to link money movement with data, controls and accountability.

By Murthy Maddali • 5 min read • 4 days ago
Real-time rail payments bring Canada into hold-free economy
Fintech

Real-time rail payments bring Canada into hold-free economy

Consumers and businesses will be able to move money in seconds outside banking hours when Payments Canada launches the RTR next quarter.

By Jake MacAndrew • 4 min read • 5 days ago
New Zealand lenders adopt AI amid data readiness gap
Data Protection

New Zealand lenders adopt AI amid data readiness gap

Most lenders still lack the data quality and governance needed to trust AI, even as 76% use it for credit and fraud decisions.

By Sean Mitchell • 4 min read • 6 days ago