533 Results from /crime
Naina Rajgopalan Content Head at Freo
Cryptocurrency has emerged as a valuable and sought-after asset for millions of individuals globally. With the advent of Bitcoin, Ethereum, and numerous other digital currencies, investors are drawn to their growth potential. Nevertheless, like any valuable asset, cryptocurrencies must be secured to prevent loss. Sadly, the decentralized and digit...
12 hours /crypto /crime
Francesco Fulcoli Chief Compliance and Risk Officer at Flagstone
The Financial Conduct Authority (FCA) has just released its new five-year strategy, and it sets a bold, forward-thinking agenda for the UK’s financial sector. Rather than simply tightening rules or reacting to emerging risks, the FCA is seeking to reshape its role, from watchdog to enabler, from reactive to purposeful. The strategy is anchored in...
26 March 2025 /regulation /crime Fintech
Janine Grainger CEO at Easy Crypto
This past month, hackers stole a staggering $1.5 billion from the crypto exchange Bybit in what the market dubbed “The biggest digital heist ever”. Unsurprisingly, the sheer scale of the attack has led many to once again question the safety of crypto, with critics pointing fingers at the industry’s security vulnerabilities. But here’s the twist:
25 March 2025 /crypto /crime
Frank Moreno CMO at Entersekt
In a little over a year, North America will play host to the 2026 FIFA World Cup. And, with concerns already mounting around the red tape surrounding the 5.5 million fans expected to descend on 11 U.S.cities, banks have been warned that they should beef up their fraud protection for the hundreds of millions of additional transactions ahead of and ...
25 March 2025 /retail /crime Exposing Financial Crime
Marko Maras CEO at Trustfull
A corporate finance employee in Hong Kong receives an urgent video call from their CFO. The face on the screen is familiar, the voice unmistakable. Without hesitation, they authorize a $25 million wire transfer—only to discover later that their CFO never made the call. In the US, a man panics when he hears his mother’s voice on the phone, beggin...
18 March 2025 /ai /crime Artificial Intelligence and Financial Services
Steve Marshall Director of Advisory Services, at FinScan
Know Your Customer (KYC) remains the cornerstone of identifying potential reputational and financial risks, but as information sources become increasingly diverse, traditional KYC verification methods might no longer be enough. Enter adverse media screening—the unsung hero of KYC that strengthens anti-money laundering (AML) defenses and helps busi...
18 March 2025 /regulation /crime Exposing Financial Crime
Joris Lochy Product Manager at Intix | Co-founder at Capilever
Financial crime continues to evolve at an alarming pace. Despite significant investments in advanced detection techniques, only a small fraction of these crimes is detected and stopped. Research highlights that as little as 1% of illicit financial flows are intercepted, leaving a staggering 99% to slip through the cracks. This is a strong reminde
10 March 2025 /regulation /crime Exposing Financial Crime
Nick Root CEO at Intergiro
As an embedded payments provider across the EU, we fight fraud 24/7. Deepfakes, synthetic IDs, phishing, good old social engineering—you name it, we've seen it. Its relentless Fighting fraud is where we invest most, with 30% of our headcount dedicated to compliance and fraud related work. Millions of EUR in costs, tooling, reimbursements—it's an ex...
10 March 2025 /regulation /crime Transaction Fraud Systems and Analysis
Steve Wilcockson Technical Product Marketing at Quantexa
While AI models - large language models (LLMs) in particular - become more powerful and widely commoditized, the need for accurate, context-rich data grows ever more critical. In regulated industries, this becomes even more essential, as organizations must also ensure explainability and governance. For the modern organization, Contextual Retrieval...
03 March 2025 /ai /crime Financial Risk Management
Nkahiseng Ralepeli VP of Product: Digital Assets at Absa Bank, CIB.
If a bank gets robbed, no one suggests we should stop using money. If a stock exchange suffers a cyberattack, no one argues that traditional finance is inherently flawed. But when a crypto exchange gets hacked? Suddenly, it’s an indictment of the entire industry. Bybit’s recent $1.5 billion hack—the largest in crypto history—is yet another example...
27 February 2025 /crypto /crime
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.