Reserve Bank of India pilots new MuleHunter.AI solution to help identify mule accounts
MuleHunter.AI has been developed in-house by the Reserve Bank Innovation Hub (RBIH).
Financial Crime & Fraud
News, intelligence and resources on the global fintech industry including topics such as financial crime & fraud.
Sweden’s TF Bank selects Nice Actimize for AML SaaS solutions
TF Bank has tapped Nice Actimize for its cloud-based SaaS AML Essentials offering.
November 2024: Top five fintech partnership stories of the month
FinTech Futures takes a look back at five of the top fintech partnership stories of the month.
Canadian credit card issuer Collabria Financial taps Trulioo for ID verification tech
Trulioo’s platform will be used to verify more than 14,000 ID documents and 700 million business entities.
BioCatch pilots fraud intelligence network with cohort of Aussie banks
Participating banks include NAB, ANZ, CBA, Suncorp Bank and Westpac.
LSEG taps IDVerse for AI-powered ID verification solutions
LSEG will deploy IDVerse’s Zero Bias AI offering alongside its Deepfake Defender AI solution.
What the FinTech? | S.5 Episode 20 | The future of fraud prevention – live at Money20/20 USA
In this podcast episode recorded live at Money20/20 USA, we’re joined by Ricardo Amper, founder and CEO of Incode.
Banking Technology Magazine November 2024 issue out now
Cover story: GOING GREEN – Why sustainable finance is vital.
UK banks and mobile operators take on APP fraud with new Scam Signal solution
Delivered via API, Scam Signal enables banks to spot correlations between mobile data and fraudulent transfers.
Socure inks $136m deal to acquire AI-powered risk decisioning platform Effectiv
The deal is expected to close next month, with the entire Effectiv team set to join Socure.
Capital One commercialises AirKey authentication technology for financial institutions
75 million Capital One cards are currently equipped with the technology.
White paper: Combatting APP fraud – how to build a best-in-class fraud prevention solution
Strategies for banks to combat APP fraud, insights into payment security and protection against threats.
UK’s PSR mandates “guaranteed minimum level of protection” against APP scams
The provisions will enable consumers to receive faster reimbursements in cases of APP scams.
Banking Technology Magazine October 2024 issue out now
Cover story: QUANTUM LEAP OF FAITH – Preparing for the advent of Q-Day.
Hastings Direct Loans boosts fraud prevention capabilities with IDVerse partnership
Hastings Direct expanded into personal loans around three years ago.
White paper: Cyberattacks in the financial services industry
Exploring the cyberattack threats that financial services customers face and how to improve security.
Visa to buy AI-powered fraud detection firm Featurespace
Visa says it expects to close the transaction in FY 2025.
US regulator OCC orders Wells Fargo to shore up AML and risk management procedures
The OCC has barred Wells Fargo from expanding into medium-to-high risk products and geographies without prior approval.
Australia’s MyState Bank taps Backbase for Engagement Banking platform
MyState’s new platform supports banking features including payments, PFM, and integrated fraud protection.
US identity verification start-up IDPartner Systems to shut down
IDPartner Systems closes after three years in business.
Visa reportedly in negotiations to acquire Featurespace in potential £700m deal
Featurespace provides financial crime prevention solutions for AML and fraud detection.
State of play: cybersecurity in financial services
The current cybersecurity threat landscape remains dynamic and challenging for financial services firms.
Chaos Labs lands $55m Series A led by Haun Ventures
Chaos Labs will use its latest funding to develop new products and expand its risk management platform.
MAS to commence quantum-proofing cybersecurity trials with banks “in the coming months”
DBS, HSBC, OCBC, UOB, SPTel and SpeQtral are all set to take part.
Sweden’s Fingerprints hires David Eastaugh as new chief strategy and technology officer
Eastaugh previously served as the CTO of UK regtech TruNarrative for over six years.
White paper: Beyond the basics – exploring trends shaping AML compliance in 2024
What controls UK businesses should put in place to effectively prevent money laundering and other financial crime.
Caribbean-based Proven Bank taps Ireland’s Fenergo for transaction monitoring solution
Fenergo says its solution is designed to reduce false positives and automate manual AML processes.
Israel’s ThetaRay snaps up Screena to enhance financial crime detection
Screena’s solution enhances customer onboarding by verifying entities against various sanctioned party lists.
Video: Keyless co-founder Fabian Eberle discusses privacy-preserving biometrics
Keyless’ Fabian Eberle speaks with FinTech Futures about the growing adoption of privacy-preserving biometrics.
Ireland’s An Post joins forces with Safecypher to combat CNP payment fraud
Safecypher’s tech tackles CNP fraud by enhancing CVV protection for card payments.
Westpac joins forces with Optus to launch new in-app SafeCall feature
Westpac says the new feature will be rolled out to customers in the coming months.
BBVA and Telefónica Tech team for cybersecurity push, launch dedicated centre in Mexico
BBVA says its goal is to be “prepared to respond to all types of attacks”.
NatWest enables bank-verified digital identities for Nordic structured finance business in partnership with OneID
NatWest will apply OneID’s bank-verified digital identity solution to its structured finance business in the Nordics.
How DORA is fortifying Europe’s financial future with a new take on operational resilience
With the DORA deadline fast approaching, FinTech Futures examines its expected impact on financial services.
The rise of instant payments: protecting consumers from criminals in 10 seconds
How can financial institutions strike a balance between speed and safety with instant payments?
Virgin Money taps Experian to streamline digital customer experience
Virgin Money says it plans to use Experian’s “full breadth of services” to enhance “all product lines”.
Lloyds Banking Group expands card and payments partnership with Visa in the UK
The partnership will serve the group’s Lloyds Bank, Halifax, Bank of Scotland and MBNA brands in the UK.
New start-up Fideo Intelligence launches offering data-driven fraud-fighting solutions
The start-up operates under identity resolution SaaS platform FullContact.
PayPal hires Srini Venkatesan as new CTO
Venkatesan succeeds Archie Deskus, who has served as CTO for the past eight months.
Regtech start-up Ondorse signs PayXpert, Assurdeal and Kota in UK and Ireland expansion push
Ondorse has also appointed OpenAI executive Olivier Godement to its board.
