Tag: AML

Mobile payments, Paytech

US Cross-Border Payments Channels to Africa Bolstered by Onafriq and Alviere Partnership

January 19, 2024

Via: The Fintech Times

The importance of remittances and cross-border payments cannot be understated in Africa. According to the World Bank, remittance flows to sub-Saharan Africa are expected to have increased by about 1.9 per cent in 2023 to $54billion. Onafriq selected Alviere for […]

Invest tech, RegTech

Lithuania’s central bank reportedly investigating Railsr over AML failures

February 20, 2023

Via: FinTech Futures

The Telegraph reports that the company’s Lithuanian subsidiary PayRNet is being investigated by the country’s central bank. PayRNet secured an electronic money institution licence from the Bank of Lithuania in 2020. In a statement, the Bank of Lithuania says: “There […]

Invest tech, RegTech

Bank of Nevis International taps Tookitaki for AML tech

February 6, 2023

Via: FinTech Futures

The bank will deploy Tookitaki’s Anti-Money Laundering Suite (AMLS), which the regtech firm says provides risk coverage, sharper detection, and significantly fewer false alerts than legacy financial crime detection systems, allowing BONI to achieve “new levels of accuracy and speed”. […]

Invest tech, RegTech

German AML regtech Hawk AI lands $17m Series B

January 27, 2023

Via: FinTech Futures

The round was led by Washington DC-based Sands Capital and saw participation from new and existing investors including DN Capital, Coalition, BlackFin Capital Partners and Picus Capital. Hawk AI CEO and co-founder Tobias Schweiger says: “Hawk AI’s growth will continue […]

Invest tech, RegTech

Know Your Customer, Hawk AI to improve financial crime compliance

October 6, 2022

Via: ThePaypers

Regtech provider Know Your Customer and Germany-based AML company Hawk AI have partnered up to improve financial crime compliance in Fintech. Know Your Customer provides real-time registry connections in the industry, and Hawk AI is a software provider for banks, […]