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Financial crime stories

Raiz cuts account opening times with Alkami platform
Digital Transformation

Raiz cuts account opening times with Alkami platform

Members now open and fund accounts far faster as Raiz slashed online onboarding from up to nine days to about four minutes.

By Karen Joy Bacudo • 4 min read • Last week

Global Stories

Financial crime stories

Shufti wins Gartner honour for global identity coverage
Software-as-a-Service

Shufti wins Gartner honour for global identity coverage

Businesses onboarding customers abroad may benefit, as Shufti's document checks now cover more than 10,000 identity types in 240 countries.

By Joseph Gabriel Lagonsin • 4 min read • Yesterday
Shufti adds digital signatures & Travel Rule tools
Gaming

Shufti adds digital signatures & Travel Rule tools

European firms face tighter audit and AML demands as Shufti links verified identities to signing, transaction monitoring and crypto transfers.

By Joseph Gabriel Lagonsin • 4 min read • Yesterday
FARx appoints ex-BT executive as Chairman for expansion
Gaming

FARx appoints ex-BT executive as Chairman for expansion

Seed-backed FARx is ramping up abroad as deepfake and identity-fraud attacks push demand for its biometric authentication tools.

By Sofiah Nichole Salivio • 3 min read • Yesterday
Banks & fintechs test stablecoins for cross-border payments
Fintech

Banks & fintechs test stablecoins for cross-border payments

Cross-border transfer costs may fall as nearly half of banks and fintechs are already using or piloting stablecoins, ACI Worldwide says.

By Joseph Gabriel Lagonsin • 3 min read • Last week
SEON partners Exist Software Labs on fraud tools in Asia
Software-as-a-Service

SEON partners Exist Software Labs on fraud tools in Asia

The deal gives banks and fintechs in the Philippines and Southeast Asia wider access to fraud checks as online transactions surge.

By Joseph Gabriel Lagonsin • 3 min read • Last week
Prevalent AI appoints new CTO after USD $22m raise
Cloud Security

Prevalent AI appoints new CTO after USD $22m raise

The USD $22 million backing is set to fund product expansion into financial crime and compliance as the London-based firm broadens beyond cybersecurity.

By Sofiah Nichole Salivio • 4 min read • Last week
Young Britons far more likely to be scammed online
Phishing

Young Britons far more likely to be scammed online

Britons aged 25 to 34 are three times as likely as over-65s to fall victim, with social media and AI worsening scams.

By Sofiah Nichole Salivio • 5 min read • Last week
Ransomware attacks hit 894 as AI boosts cyber crime
Malware

Ransomware attacks hit 894 as AI boosts cyber crime

North America and Europe bore most of the 894 July ransomware incidents as NCC Group warned AI tools are accelerating attacks.

By Joseph Gabriel Lagonsin • 3 min read • Last month
FV Bank launches global managed accounts for fintechs
Fintech

FV Bank launches global managed accounts for fintechs

Fintechs and payment platforms can now offer branded accounts and cross-border transfers without juggling multiple banking and compliance providers.

By Karen Joy Bacudo • 4 min read • Last month
Why Customer Due Diligence (CDD) Starts With Clean Data
Fintech

Why Customer Due Diligence (CDD) Starts With Clean Data

Poor data can make sanctions and identity checks miss real risk, leaving banks open to penalties, remediation costs and reputational damage.

By Shivani Pimpili • 6 min read • Last month
Fourthline wins EU QTSP status for digital signatures
Data Protection

Fourthline wins EU QTSP status for digital signatures

Banks and fintechs can now verify customers and issue legally recognised signatures in one flow, after Fourthline Trust Services gained EU QTSP status.

By Mark Tarre • 3 min read • Last month

Stories from Other Regions

Financial crime stories

EY India says agentic AI could lift treasury forecasts
Manufacturing

EY India says agentic AI could lift treasury forecasts

Treasury teams could cut forecast errors and free staff from manual work if they fix fragmented data and weak governance, EY India said.

By Karen Joy Bacudo • 4 min read • Last week
Spektr adds AI tools to anti-money laundering platform
Software-as-a-Service

Spektr adds AI tools to anti-money laundering platform

Banks are under pressure to prove anti-money laundering controls after FCA fines topped GBP £300 million since 2021.

By Karen Joy Bacudo • 3 min read • Last week
Safeguarding, not victim-blaming: why fraud prevention needs a fundamental mindset shift
Data Protection

Safeguarding, not victim-blaming: why fraud prevention needs a fundamental mindset shift

Victims are being left to fend for themselves as fraud becomes industrialised, with many still blaming themselves after scams.

By Alice Taylor • 3 min read • Last week
Businesses urged to use 159 to fight payment fraud
Phishing

Businesses urged to use 159 to fight payment fraud

Businesses risk sharper losses from phone scams unless staff know to verify suspicious calls using 159, as UK payment fraud hit GBP £1.28 billion.

By Joseph Gabriel Lagonsin • 5 min read • Last month
Basware buys Trustpair to boost payment fraud checks
Software-as-a-Service

Basware buys Trustpair to boost payment fraud checks

Customers using Basware should gain stronger protection against supplier payment fraud as its Trustpair deal adds account verification to invoice checks.

By Joseph Gabriel Lagonsin • 4 min read • Last month