June 27, 2023
Resistant AI Raises $11 Million for AI Security Solutions

Resistant AI has raised more funding for its artificial intelligence (AI) and machine learning (ML) security solutions. The company has added $11 million from venture capital (VC) firm Notion Capital...

June 22, 2023
Report: British Banks Preparing New Efforts to Fight Economic Crime

British banks are reportedly testing ways to share data to prevent money laundering and terrorism financing. Six or more banks are preparing to participate in two pilot programs that may...

June 21, 2023
Google Cloud Launches AML AI for Financial Institutions

Google Cloud has launched a new product, Anti Money Laundering AI (AML AI), which is an artificial intelligence-powered tool to help financial institutions detect money laundering, the company said Wednesday (June 21)....

June 08, 2023
Digital-Only Banks May Already Be Winning the Savings Deposit War

Digital-only banks may fill the gap between traditional institutions’ low rates and Apple’s reported newcomer wrinkles.  As some of Apple’s first set of savings account users are learning, early adopters...

June 08, 2023
SEC: Binance Moved Nearly $70 Billion Through Crypto-Friendly Banks

Binance used two U.S. banks to move billions of dollars around the globe, according to the Securities and Exchange Commission (SEC). The cryptocurrency exchange transferred almost $70 billion via accounts at Silvergate Bank and Signature Bank,...

June 06, 2023
Trulioo Expands ID Verification Platform’s AI-Powered Offerings

Trulioo has debuted expanded versions of its know your customer (KYC) and know your business (KYB) identity verification tools. The updates include expanded geographic coverage, “localization and enhanced artificial intelligence” (AI) to...

June 06, 2023
Thunes Raises $60 Million to Scale Cross-Border Payments

Payment infrastructure platform Thunes has raised $60 million to expand into new markets. The Singapore-based company announced the conclusion of its Series C funding round Tuesday (June 6), while also...

June 06, 2023
2023 Looms as ‘Big Year’ for ISO 20022, According to...

In the banking industry, legacy messages — how data makes its way between financial institutions — have been around for decades. But the world of finance is about to undergo...

June 01, 2023
Report: Some Apple Savings Account Customers Experience Slow Transfers

Some customers of Apple’s savings account have reportedly found it difficult to move their money out. In one case, a customer who deposited $100,000 found it took three weeks to transfer...