Tech company Oracle is developing anti-money laundering tools with gen AI amid climbing fraud and financial crime. Nearly $2 trillion — or roughly 5% of global GDP —…
Read more Oracle studies scammers, embeds AI into AML to thwart themThe European Central Bank is tapping fraud mitigation service provider Feedzai to secure its upcoming payment channel, the digital euro. The Lisbon-based Feedzai’s proprietary AI model will help…
Read more European Central Bank taps Feedzai’s AI tools for fraud, AML detectionNew updates have been made to Ripple’s XRP Ledger (XRPL) as the network looks to dominate and gain more traction. This is also a positive for XRP, which…
Read more Ripple’s XRP Ledger Just Introduced A Pivotal Update In Its Quest For DominanceTD Bank is investing in its anti-money laundering efforts via technology, systems and personnel as it continues to restructure on the heels of hefty U.S. fines. In 2024,…
Read more TD Bank’s anti-money laundering effortTD Bank is investing in its anti-money laundering efforts via technology, systems and personnel as it continues to restructure on the heels of hefty U.S. fines. In 2024,…
Read more Inside TD Bank’s anti-money laundering effortBank of America Corp. said US regulators may take action against the firm over its efforts to detect suspected money laundering and sanctions violations, as well as its…
Read more BofA says U.S. may take action over money laundering, ZelleTD Bank is bolstering its anti-money-laundering practices with leadership changes and investment in data and technology following regulatory scrutiny resulting in major fines The Financial Crimes Enforcement Network…
Read more TD invests in leadership, data to improve AML complianceToronto-Dominion Bank will plead guilty to money-laundering charges, a US Department of Justice prosecutor said in a Newark, New Jersey, courtroom on Thursday. Two of the bank’s US…
Read more TD will plead guilty to money-laundering charges in NJ courtThe Treasury Department’s Financial Crimes Enforcement Network issued a proposed rule overhauling banks’ anti-money laundering and counterterrorism financing programs, requiring financial institutions to step up their existing AML controls…
Read more Fincen proposes tougher anti-money laundering standards in new ruleNEW YORK — The Nasdaq Stock Market index is using AI to streamline its efforts to investigate suspicious trading and anti-money laundering. The New York-based exchange is using…
Read more Nasdaq gains 33% efficiency through AI |Bank Automation NewsJPMorgan subsidiary Neovest Holdings has acquired investment management company LayerOne Financial for an undisclosed sum. Neovest, a fintech for brokers and dealers, will now be able to help…
Read more JPM buys LayerOne Financial | Bank Automation NewsJPMorgan subsidiary Neovest Holdings has acquired investment management company LayerOne Financial for an undisclosed sum. Neovest, a fintech for brokers and dealers, will now be able to help…
Read more JPM buys LayerOne Financial | Bank Automation NewsJPMorgan is exploring the use of synthetic data to streamline its anti-money laundering and software engineering processes. Synthetic data refers to datasets that have been stripped of…
Read more JPM exploring synthetic data for AML | Bank Automation NewsSkyCity Entertainment’s SkyCity Casino Management (SCML) brand has found itself in hot water in New Zealand as the local Department of Internal Affairs prepares to launch civil proceedings…
Read more SkyCity Risks Civil Proceedings Because of AML Failures in New ZealandThe US Department of the Treasury has published its 2024 National Money Laundering Risk Assessment. The report highlighted, among other things the online gaming and sports betting sector’s…
Read more US Treasury’s 2024 AML Report Highlights Vulnerabilities of the iGaming SectorChinese authorities are significantly preparing to amend their anti-money laundering (AML) regulations. According to regional media reports, Beijing is set to amend its anti-AML rules to include cryptocurrency-related…
Read more China to introduce significant changes to crypto AML for the first time in 17 yearsNeobanks can lean on data and rich client information to protect themselves from fraud attacks. Almost all neobank activity is accomplished through mobile devices, which makes digital institutions…
Read more Podcast: Neobanks fight fraud | Bank Automation NewsHouse Judiciary Committee Chair Jim Jordan, R-Ohio, said in a cover letter for a subpoena to Citigroup last week that law enforcement’s use of “back-channel discussions with…
Read more Jan. 6 subpoena highlights tension between data privacy and complianceAI has joined the fight against bank fraud, and further enhancements to the technology are helping financial institutions monitor risk. AI technology is advancing quickly and is “approaching…
Read more Podcast: Using AI to Identify Fraud | Bank Automation NewsDigital bank Grasshopper has turned to fintech Cable to automate financial crime assurance and testing. The collaboration allows $700 million Grasshopper to use Cable’s automated platform to…
Read more Grasshopper taps Cable for compliance | Bank Automation News
