Banking
Oracle studies scammers, embeds AI into AML to thwart them
[ad_1] Tech company Oracle is developing anti-money laundering tools with gen AI amid climbing fraud and financial crime. Nearly $2 trillion — or roughly…
Tag: Aml
Banking
European Central Bank taps Feedzai’s AI tools for fraud, AML detection
[ad_1] The European Central Bank is tapping fraud mitigation service provider Feedzai to secure its upcoming payment channel, the digital euro. The Lisbon-based Feedzai’s…
Cryptocurrency
Ripple’s XRP Ledger Just Introduced A Pivotal Update In Its Quest For Dominance
[ad_1] New updates have been made to Ripple’s XRP Ledger (XRPL) as the network looks to dominate and gain more traction. This is also…
Banking
TD Bank’s anti-money laundering effort
[ad_1] TD Bank is investing in its anti-money laundering efforts via technology, systems and personnel as it continues to restructure on the heels of…
Banking
Inside TD Bank’s anti-money laundering effort
[ad_1] TD Bank is investing in its anti-money laundering efforts via technology, systems and personnel as it continues to restructure on the heels of…
Banking
BofA says U.S. may take action over money laundering, Zelle
[ad_1] Bank of America Corp. said US regulators may take action against the firm over its efforts to detect suspected money laundering and sanctions…
Banking
TD invests in leadership, data to improve AML compliance
[ad_1] TD Bank is bolstering its anti-money-laundering practices with leadership changes and investment in data and technology following regulatory scrutiny resulting in major fines…
Banking
TD will plead guilty to money-laundering charges in NJ court
[ad_1] Toronto-Dominion Bank will plead guilty to money-laundering charges, a US Department of Justice prosecutor said in a Newark, New Jersey, courtroom on Thursday.…
Banking
Fincen proposes tougher anti-money laundering standards in new rule
[ad_1] The 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…
Banking
Nasdaq gains 33% efficiency through AI |Bank Automation News
[ad_1] NEW YORK — The Nasdaq Stock Market index is using AI to streamline its efforts to investigate suspicious trading and anti-money laundering. The…
Banking
JPM buys LayerOne Financial | Bank Automation News
[ad_1] JPMorgan subsidiary Neovest Holdings has acquired investment management company LayerOne Financial for an undisclosed sum. Neovest, a fintech for brokers and dealers, will…
Banking
JPM buys LayerOne Financial | Bank Automation News
[ad_1] JPMorgan subsidiary Neovest Holdings has acquired investment management company LayerOne Financial for an undisclosed sum. Neovest, a fintech for brokers and dealers, will…
Banking
JPM exploring synthetic data for AML | Bank Automation News
[ad_1] JPMorgan is exploring the use of synthetic data to streamline its anti-money laundering and software engineering processes. Synthetic data refers to datasets…
Gaming
SkyCity Risks Civil Proceedings Because of AML Failures in New Zealand
[ad_1] SkyCity Entertainment’s SkyCity Casino Management (SCML) brand has found itself in hot water in New Zealand as the local Department of Internal Affairs…
Gaming
US Treasury’s 2024 AML Report Highlights Vulnerabilities of the iGaming Sector
[ad_1] The US Department of the Treasury has published its 2024 National Money Laundering Risk Assessment. The report highlighted, among other things the online…
Cryptocurrency
China to introduce significant changes to crypto AML for the first time in 17 years
[ad_1] Chinese authorities are significantly preparing to amend their anti-money laundering (AML) regulations. According to regional media reports, Beijing is set to amend its…
Banking
Podcast: Neobanks fight fraud | Bank Automation News
[ad_1] Neobanks can lean on data and rich client information to protect themselves from fraud attacks. Almost all neobank activity is accomplished through mobile…
Banking
Jan. 6 subpoena highlights tension between data privacy and compliance
[ad_1] House Judiciary Committee Chair Jim Jordan, R-Ohio, said in a cover letter for a subpoena to Citigroup last week that law enforcement’s…
Banking
Podcast: Using AI to Identify Fraud | Bank Automation News
[ad_1] AI has joined the fight against bank fraud, and further enhancements to the technology are helping financial institutions monitor risk. AI technology is…
Banking
Grasshopper taps Cable for compliance | Bank Automation News
[ad_1] Digital bank Grasshopper has turned to fintech Cable to automate financial crime assurance and testing. The collaboration allows $700 million Grasshopper to…