Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

UK cops seize £114m in crypto

UK police have seized £114 million in cryptocurrency as part of a money laundering investigation.

25 June 2021

Anti-money laundering expert convicted of money laundering

The former chairman of a UK group that represents the payment services industry has been convicted of complicity in the laundering of the proceeds of an investment fraud worth £850,000 and involving more than 60 victims.

25 June 2021

Research/Money Laundering

The Future of Payments 2021

23 June 2021 1436 downloads

Company update/regulation

ComplyAdvantage adds Know Your Business data

ComplyAdvantage, a global leader in AI-driven financial crime risk data and detection technology, today announced that the company has added Know Your Business (KYB) data to create the industry’s first unified and most comprehensive data graph of individuals and business entities.

22 June 2021

News/regulation

AML regulations driving up compliance costs across UK

A new report by LexisNexis Risk Solutions has found that increased AML regulations, more so than criminal threats, are intensifying compliance costs for UK financial institutions.

18 June 2021

News/crypto

PayPal doubles down on crypto-compliance platform TRM Labs

Cryptocurrency compliance and risk management platform TRM Labs has closed a $14 Million Series A funding round.

18 June 2021

Research/Money Laundering

The advantage of Machine Learning in preventing fraud

17 June 2021 390 downloads

Research/Money Laundering

Identity verification’s integral position in evolving digital transformation

15 June 2021 326 downloads

Company update/crime

Global spend on financial crime compliance at financial institutions reaches $213.9 billion

LexisNexis Risk Solutions today released its annual True Cost of Financial Crime Compliance Global Report.

10 June 2021

Company update/regulation

Kompli-Global stages KYC 'Bake-Off' challenge

With fraudsters becoming increasingly smarter and more collaborative in trying to get round those systems with the weakest links to commit their fraudulent crimes, now more than ever is the time for payments and wider financial services businesses to ensure they have all the right ingredients to stop fraud.

08 June 2021

Company update/regulation

Austrac identifies AML compliance shortcomings at NAB

National Australia Bank Limited (NAB) has been informed by AUSTRAC it has identified serious concerns with NAB’s compliance with the Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) Act 2006 and the Anti-Money Laundering and Counter-Terrorism Financing Rules 2007.

07 June 2021

Company update/Money Laundering

ITCS Trade to use iDenfy verficiation

iDenfy announced their business partnership with Kazakhastan’s leading Fin-Tech company ITCS Trade Ltd. iDenfy will be providing ID verification solutions for new customers signing up for the ITCS Trade trading platform.

03 June 2021

News/regulation

Sentinels raises EUR5.7m for transaction monitoring platform

Sentinels, the Dutch startup behind an AI-powered transaction monitoring system, has raised EUR5.7 million in a seed funding round.

03 June 2021

News/security

Fraudio raises $3.3m for fraud prevention platform

Fraudio, a Dutch startup that has developed a cloud-native centralised AI-powered payment fraud detection system, has raised $3.3 million in seed funding.

28 May 2021

Company update/crime

ThetaRay unveils Sonar

ThetaRay, a leading provider of AI-based Big Data analytics, today launched SONAR, the industry's most advanced financial crime prevention solution for cross-border payments.

24 May 2021

Company update/crypto

Indian crypto exchange CoinDCX deploys AML platform from Coinfirm

CoinDCX, India’s largest crypto asset exchange, have announced their collaboration with leading RegTech and blockchain analytics provider Coinfirm, to deploy the firm’s award-winning AML Platform for strengthening the security of the crypto economy.

20 May 2021

Research/Money Laundering

Five Business Benefits for Analysing and Combatting Fraud

20 May 2021 218 downloads

Company update/regulation

SmartSearch enters non-regulated market

Leading anti-money laundering solution provider SmartSearch has entered the non-regulated market with a new product launch as part of its ongoing business growth.

18 May 2021