Financial crime Stories

Global Stories

Financial crime stories

Banks & fintechs test stablecoins for cross-border payments

Cross-border transfer costs may fall as nearly half of banks and fintechs are already using or piloting stablecoins, ACI Worldwide says.

By Joseph Gabriel Lagonsin • 3 min read • Last week

Software-as-a-Service

SEON partners Exist Software Labs on fraud tools in Asia

The deal gives banks and fintechs in the Philippines and Southeast Asia wider access to fraud checks as online transactions surge.

By Joseph Gabriel Lagonsin • 3 min read • Last week

Cloud Security

Prevalent AI appoints new CTO after USD $22m raise

The USD $22 million backing is set to fund product expansion into financial crime and compliance as the London-based firm broadens beyond cybersecurity.

By Sofiah Nichole Salivio • 4 min read • Last week

Phishing

Young Britons far more likely to be scammed online

Britons aged 25 to 34 are three times as likely as over-65s to fall victim, with social media and AI worsening scams.

By Sofiah Nichole Salivio • 5 min read • Last week

Malware

Ransomware attacks hit 894 as AI boosts cyber crime

North America and Europe bore most of the 894 July ransomware incidents as NCC Group warned AI tools are accelerating attacks.

By Joseph Gabriel Lagonsin • 3 min read • Last month

Fintech

FV Bank launches global managed accounts for fintechs

Fintechs and payment platforms can now offer branded accounts and cross-border transfers without juggling multiple banking and compliance providers.

By Karen Joy Bacudo • 4 min read • Last month

Fintech

Why Customer Due Diligence (CDD) Starts With Clean Data

Poor data can make sanctions and identity checks miss real risk, leaving banks open to penalties, remediation costs and reputational damage.

By Shivani Pimpili • 6 min read • Last month

Data Protection

Fourthline wins EU QTSP status for digital signatures

Banks and fintechs can now verify customers and issue legally recognised signatures in one flow, after Fourthline Trust Services gained EU QTSP status.

By Mark Tarre • 3 min read • Last month

Fintech

SAS named Forrester leader in financial crime tools

Banks could gain better fraud and anti-money laundering oversight as Forrester's top current-offering score highlighted SAS's integrated approach.

By Joseph Gabriel Lagonsin • 4 min read • Last month

Stories from Other Regions

Financial crime stories

Network Security

Numeracle launches corporate KYCaaS identity checks

Growing fraud fears are driving demand for continuous business identity checks, as Numeracle targets telecoms and other platforms with its KYCaaS service.

By Sofiah Nichole Salivio • 5 min read • Today

Digital Transformation

Raiz cuts account opening times with Alkami platform

Members now open and fund accounts far faster as Raiz slashed online onboarding from up to nine days to about four minutes.

By Karen Joy Bacudo • 4 min read • Last week

Risk & Compliance

Blackdot adds Lloyd's List maritime data to Videris

Investigators can now trace vessel ties to sanctions, ownership and financial crime risks faster, after maritime data was added to Videris.

By Joseph Gabriel Lagonsin • 4 min read • Last week

Manufacturing

EY India says agentic AI could lift treasury forecasts

Treasury teams could cut forecast errors and free staff from manual work if they fix fragmented data and weak governance, EY India said.

By Karen Joy Bacudo • 4 min read • Last week

Software-as-a-Service

Spektr adds AI tools to anti-money laundering platform

Banks are under pressure to prove anti-money laundering controls after FCA fines topped GBP £300 million since 2021.

By Karen Joy Bacudo • 3 min read • Last week

Data Protection

Safeguarding, not victim-blaming: why fraud prevention needs a fundamental mindset shift

Victims are being left to fend for themselves as fraud becomes industrialised, with many still blaming themselves after scams.

By Alice Taylor • 3 min read • Last week

Phishing

Businesses urged to use 159 to fight payment fraud

Businesses risk sharper losses from phone scams unless staff know to verify suspicious calls using 159, as UK payment fraud hit GBP £1.28 billion.

By Joseph Gabriel Lagonsin • 5 min read • Last month

Software-as-a-Service

Basware buys Trustpair to boost payment fraud checks

Customers using Basware should gain stronger protection against supplier payment fraud as its Trustpair deal adds account verification to invoice checks.

By Joseph Gabriel Lagonsin • 4 min read • Last month