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Tag: anti-money laundering


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

The regulatory landscape and predictions for 2023

January 4, 2023

Via: FinTech Futures

Inconsistent sanctions regimes, new regulatory measures and stricter punishments for non-compliance have all been contributing factors, which ultimately mean that being able to quickly respond to change is more important than ever for financial services organisations as we consider financial […]


Paytech, Retail

MFS Africa implements ThetaRay’s solution to detect financial crimes

October 13, 2022

Via: FinTech Futures

ThetaRay will provide MFS Africa its Software-as-a-Service (SaaS) solution, Sonar, which includes an artificial intelligence (AI) led anti-money laundering (AML) transaction monitoring and sanctions list screening. It says the solution helps to “effectively identify truly suspicious cases” with a 95% […]


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, […]