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Financial crime Stories - Page 3

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Financial crime stories

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Financial crime stories

Prove & Baselayer team up on business verification
Fintech

Prove & Baselayer team up on business verification

Banks and fintechs could cut onboarding delays as a single workflow now joins customer identity checks with real-time business verification.

By Joseph Gabriel Lagonsin • 4 min read • Last month
Global Signal Exchange hailed as fraud sharing model
Data Protection

Global Signal Exchange hailed as fraud sharing model

A new study says cross-border intelligence sharing is vital as fraud losses climb to USD $579.4 billion, yet most tools stay domestic.

By Mark Tarre • 4 min read • Last month
BIS warns stablecoins must preserve trust in money
Crypto

BIS warns stablecoins must preserve trust in money

Broader adoption could unsettle bank funding and monetary sovereignty if privately issued tokens fail to keep money redeemable at par.

By Karen Joy Bacudo • 4 min read • Last month
Experian & Resistant AI tackle document fraud in ANZ
Software-as-a-Service

Experian & Resistant AI tackle document fraud in ANZ

Banks and insurers in Australia and New Zealand will gain new checks as AI-made forgeries increasingly evade standard identity verification tools.

By Joseph Gabriel Lagonsin • 5 min read • Last month
Flagright raises USD $12.5m to expand AI compliance
Software-as-a-Service

Flagright raises USD $12.5m to expand AI compliance

The funding will help the London-based firm expand in the US as banks face rising fraud and money laundering risks, and heavier scrutiny.

By Sean Mitchell • 4 min read • Last month
Interpol flags sharp rise in cybercrime across Asia
Malware

Interpol flags sharp rise in cybercrime across Asia

More than half of countries surveyed now say cybercrime makes up 30 per cent of recorded offences, as phishing and ransomware spread fast.

By Joseph Gabriel Lagonsin • 4 min read • Last month
North Korea IT fraud cell flooded US firms with 167,000 bids
Virtual Private Networks

North Korea IT fraud cell flooded US firms with 167,000 bids

Remote hiring teams face a wider security risk after researchers found North Korean operatives won 76 offers from 166,893 US job applications.

By Joseph Gabriel Lagonsin • 4 min read • Last month
Chargebacks911 warns fintech boom is fuelling dispute chaos
Software-as-a-Service

Chargebacks911 warns fintech boom is fuelling dispute chaos

Merchants face harder-to-trace disputes as AI and agentic commerce complicate payment trails, Chargebacks911 said after new fintech data.

By Sean Mitchell • 4 min read • Last month
Shufti named G2 leader in identity verification grid
Software-as-a-Service

Shufti named G2 leader in identity verification grid

Customer reviews have pushed Shufti into G2's top tier, signalling stronger demand for its identity checks and anti-money laundering tools.

By Sean Mitchell • 3 min read • Last month

Stories from Other Regions

Financial crime stories

Barry Plant completes AML readiness ahead of deadline
Risk & Compliance

Barry Plant completes AML readiness ahead of deadline

Australia's new real estate rules will now be met by the network, after offices finished anti-money laundering preparation three weeks early.

By Joseph Gabriel Lagonsin • 4 min read • Last month
UK fraud losses hit GBP £1.28 billion as scams rise
Fintech

UK fraud losses hit GBP £1.28 billion as scams rise

Scams that trick people into authorising payments drove UK fraud losses to GBP £1.28 billion last year, FICO said.

By Sofiah Nichole Salivio • 4 min read • Last month
London sees sharp rise in personalised scam attempts
Phishing

London sees sharp rise in personalised scam attempts

Nearly six in ten Londoners have seen more scam attempts in the past year, with social media fraud and AI-made ruses fuelling concern.

By Mark Tarre • 3 min read • Last month
UK Finance backs bank app digital ID verification pilot
Data Protection

UK Finance backs bank app digital ID verification pilot

Customers could soon verify their age, address and identity through banking apps, as lenders test a voluntary check-sharing service to curb fraud.

By Karen Joy Bacudo • 3 min read • Last month
Ecommpay urges sector-wide push to stop fraud earlier
Fintech

Ecommpay urges sector-wide push to stop fraud earlier

Fraud losses could fall if banks, merchants and regulators align on earlier intervention, Ecommpay says in a new report.

By Sofiah Nichole Salivio • 4 min read • Last month
Starling launches AI scam checker for five million
Data Protection

Starling launches AI scam checker for five million

Customers can now quiz Starling's app before sending money, as UK fraud losses climb and romance scams hit savers hardest.

By Karen Joy Bacudo • 4 min read • Last month
Ecommpay wins Retail Systems fraud prevention award
Fintech

Ecommpay wins Retail Systems fraud prevention award

Retailers are under pressure to curb networked payment fraud without harming checkout conversion, a challenge Ecommpay's award-winning tool targets.

By Sofiah Nichole Salivio • 3 min read • Last month
Merchants see customers & criminals as fraud risks
Fintech

Merchants see customers & criminals as fraud risks

Merchants are now losing more to refund abuse and chargebacks as AI-enabled fraud drives losses of USD $11.4 million on average.

By Sean Mitchell • 4 min read • Last month