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

Tuum teams with RegTech Fourthline

Tuum and Fourthline have partnered to offer European financial institutions a secure and agile core banking solution that incorporates world-leading end-to-end customer onboarding and monitoring in compliance with KYC (Know Your Customer) and AML (anti-money laundering) regulations.

01 June 2023

News/regulation

BIS explores use of data, tech and collaboration to combat money laundering

Using payments data, privacy-enhancing technologies, AI and enhanced cooperation for a behavioural-based analysis approach to detecting money laundering networks is more effective than the current rules-based approach, concludes new research from the BIS Innovation Hub.

31 May 2023

Company update/crypto

EBA consults on extending money laundering rules to crypto assets

The European Banking Authority (EBA) launched today a public consultation on amendments to its Guidelines on money laundering and terrorist financing (ML/TF) risk factors.

31 May 2023

News/startups

RegTech startup Amlyze snags $1 million pre-seed investment

Vilnius-based RegTech startup Amlyze, has concluded a $1 million pre-seed investment round led by Practica Capital, with participation from Lithuania's Firstpick accelerator and venture capital fund.

18 May 2023

Company update/crime

NTT Data Payment Services implements Facctum anti-financial crime technology

Facctum has announced that FacctViewTM, a new screening platform, has been chosen by NTT Data Payment Services to expand its anti-financial crime defenses.

15 May 2023

Company update/security

Mastercard integrates Vesta's fraud solutions into Gateway Services

With merchants estimated to suffer more than US$48 billion in eCommerce fraud globally in 2023 – 22% of that in Asia[1] – Mastercard today announced the expansion of its partnership with Vesta, the global leader in payment fraud protection.

12 May 2023

Company update/people

Global Screening Services appoint Stephen Gilderdale, former CPO at Swift, as senior advisor

Global Screening Services (GSS), a RegTech innovator focused on financial transaction screening, has today announced that Stephen Gilderdale will be appointed as Senior Advisor to the business.

11 May 2023

Company update/crime

Experian teams up with Kyckr for KYC checks

Kyckr, the corporate Know Your Customer company, has announced its new integration with the world's leading global information services company, Experian.

11 May 2023

Company update/people

Fourthline recruits Peter Grausguber from BitPanda as new CFO

Fourthline, the leading RegTech provider of AI-powered and compliant KYC and AML solutions, is pleased to announce the appointment of Peter Grausgruber as its Chief Financial Officer (subject to approval from the Dutch Central Bank).

10 May 2023

Company update/identity

Fincapital Partners selects iDenfy for KYC veriffications

iDenfy, an AI-enabled identity verification, and fraud prevention tech startup, announced its partnership with Fincapital Partners, an all-in-one banking and asset management platform that offers comprehensive financial services.

09 May 2023

News/regulation

Regulator AML concerns scuppered TD Bank-First Horizon deal - WSJ

TD Bank's $13.4 billion purchase of US bank First Horizon collapsed over regulator concerns about the Canadian lender's anti-money laundering (AML) practices, according to the Wall Street Journal.

09 May 2023

Company update/crime

Bank of Valletta adopts Resistant AI’s AML tech

Resistant AI, the AI and machine learning financial crime prevention specialists, today announces that Bank of Valletta, the largest bank in Malta, is to adopt its Transaction Forensics product for anti-money laundering (AML).

09 May 2023

News/regulation

Crypto ATMs the target of continued FCA crackdown

The Financial Conduct Authority (FCA) has been working alongside the South West Regional Organised Crime Unit in Yorkshire, the Humber Regional Organised Crime Unit, and the Nottinghamshire Police Force to continue its crackdown on unregistered crypto ATMs.

05 May 2023

News/regulation

ECEX ensures AML compliance with facial recognition at currency exchage machines

Currency exchange machines featuring facial recognition technology have been installed in a variety of airports and travel hubs across Europe in a bid to clamp down on money laundering.

05 May 2023

Company update/crime

VigiPay of Nigeria selects ThetaRay for AML monitoring

VigiPay, a Nigerian fintech providing digital payment services, and ThetaRay, a leading provider of AI-powered transaction monitoring technology, today announced they will collaborate to protect VigiPay’s growing business against money laundering, sanctions violations, and other financial crime risks.

27 April 2023

Company update/people

Seon aims for US growth with new CRO hire

FinCrime prevention technology expert, SEON, has added considerable expertise to its ranks with the hire of new Chief Revenue Officer (CRO), Matt DeLauro.

26 April 2023

Company update/people

Napier commits to French speaking Europe

Global AML technology specialist Napier has appointed French native Charles Duport in a move designed to better serve its existing and new customers in France, Benelux and Switzerland.

25 April 2023

News/regulation

Financial watchdog puts banks on alert over money laundering via the Post Office

The UK's Financial Conduct Authority has outlined measures to reduce the risk of money laundering via the Post Office, as more banks quit the high street and hand over the handling of cash services to the postal service.

24 April 2023