October 04, 2023
Instant Approval Helps Banks Streamline the KYB Process

Scott Steinberg, chief operating officer of Enigma Technologies, said there has been an evolution of know your business (KYB) practices — and there’s increased urgency to use technology to tackle...

October 02, 2023
WorkFusion Unveils AI-Powered Transaction Monitoring Investigator

WorkFusion has unveiled a new AI Transaction Monitoring Investigator designed to automate the review of first-level (L1) transaction monitoring alerts.  The new artificial intelligence (AI) solution, dubbed Isaac, streamlines the process...

September 25, 2023
SEC: DWS Failed to Develop Anti-Money Laundering Program

DWS Investment Management Americas is facing two separate enforcement actions from the Securities and Exchange Commission (SEC). The SEC said in a news release Monday (Sept. 25) that DWS, a registered...

September 18, 2023
SentiLink Launches New Intelligence Solution for Fraud Detection

SentiLink has unveiled a new offering aimed at improving financial fraud detection and enhancing proprietary fraud models for financial institutions. The new tool, Facets, provides feature-specific intelligence derived from SentiLink’s proprietary identity...

September 14, 2023
Finastra Debuts Compliance-as-a-Service to Combat Fraud

Financial software firm Finastra has debuted a “Compliance-as-a-Service” solution for banks. The new tool, announced by the British company Thursday (Sept. 14) and available on Microsoft Azure, includes real-time anti-money laundering transaction screening from...

September 14, 2023
How AI Helps Banks Win the Escalating Fraud Arms Race

If the pace of innovation today were an athlete, it would be Usain Bolt. That’s how fast the world is changing as new technologies are successfully introduced. But for every...

September 06, 2023
Norway’s Strise Raises $10.8 Million to Expand AML Offering

Strise has raised $10.8 million to bring its anti-money laundering technology to new markets. London-based venture capital firm Atomico, which led the Series A round, announced the funding for the Norwegian company...

September 05, 2023
HiBob and Papaya Global Partner on HR and Payroll Solutions

HiBob and Papaya Global have partnered to offer a solution that unifies human resources (HR) and payroll management for multinational companies. The integration of their capabilities will enable customers to automatically sync HR...

August 30, 2023
Switzerland Introduces New Anti-Money Laundering Measures

Switzerland is set to introduce new rules to tackle money laundering. The regulations — set to be presented to the Swiss parliament next year — would make lawyers and consultants responsible for...