Tag: financial crime

Invest tech, RegTech

AI regtech WorkFusion names Arthur Mueller VP of financial crime

February 17, 2023

Via: FinTech Futures

Mueller, who has spent more than 20 years combating financial crime at financial institutions including UBS, American Express and Commerzbank, joins from Rabobank North America where he served as AML and sanctions officer for more than six years. Founded in […]

Banking Tech, Digital Lending and Credit

Why 2023 is time for us to tackle financial crime properly

January 30, 2023

Via: FinTech Futures

Simon York, HMRC’s outgoing head of serious fraud, recently said that tax evasion was “much more complex, more sophisticated, more international and more digitally enabled”, while adding that HMRC will now be actively pursuing enablers of evasion. Interestingly, both financial […]

Paytech, Retail

SurePay selected by Railsr as confirmation of payee vendor

October 11, 2022

Via: FinTech Futures

Embedded finance solutions provider Railsr has selected SurePay as its UK Faster Payments (UKFP) confirmation of payee (CoP) vendor. The authorised push payment (APP) fraud is sharply on the rise in the UK, according to UK Finance – from £420.7 […]

Invest tech, RegTech

Payment Systems Regulator New Proposal Gives APP Fraud Victims a Chance at Recovering Funds

October 7, 2022

Via: The Fintech Times

Salv commends the move by the PSR, which is expected to incentivise banks to focus more on protecting consumers against fraud. The regtech knows that it is possible to establish proper control mechanisms against APP fraud: the company’s proprietary collaborative […]

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, […]