Robert Houghton Founder at Insightful Technology
The recent raids by French prosecutors that targeted the Paris offices of five major banks including HSBC and BNP Paribas on suspicion of fiscal fraud is a serious matter, and it’s one that should not be taken lightly. If the authorities have evidence that a bank or its employees have committed a crime, then they should absolutely investigate and h...
19 April 2023 /regulation /crime Banking Regulations
Iain Swaine Director EMEA, Global Advisory at BioCatch
Financial institutions everywhere are still wrangling with the issues of vishing and smishing, the identifiable code words for scam phone calls and text messages. According to the Crime Survey for England and Wales (CSEW), there were an estimated 4.5 million fraud offences in the Telephone-operated Crime Survey year ending March 2022, a 25% increa...
17 April 2023 /identity /crime Financial Services Regulation
Nick Smart Blockchain Intelligence Associate Director at Crystal Blockchain
Though the general principles of financial crime remain largely the same, criminals and other bad actors continue to seek new ways raise, store, move, and spend digital assets. Having an idea of what may come next in the crypto industry is something of a holy grail – yet one that never fails to stop participants from making predictions about what ...
17 April 2023 /identity /crime Blockchain in Banking and Financial Services
Ian Henderson CEO at Kyckr
At the end of 2022, I hosted a podcast alongside Nelson Yiannakou of Revolut about how we as an industry can improve our anti-money laundering processes and better tackle financial crime. Following on from our illuminating discussion, I wanted to share some of my thoughts on the importance of collaboration within the financial sector. The United ...
17 April 2023 /crime Fintech
Sam Compton Director of Operations at Chetwood Financial & SmartSave
Right now, households in the UK are facing some of the most challenging economic conditions in decades. Although economic forecasts have shown a touch of optimism in recent weeks, the economy is still reeling from the combined effects of the war in Ukraine and the pandemic. In particular, inflation has remained at elevated rates – contrary to the ...
06 April 2023 /retail /crime Exposing Financial Crime
Remaining compliant in today’s financial services industries requires a comprehensive surveillance function. Every call, message and communication between employees, customers and trading partners must be captured, stored and monitored to illustrate compliance. As regulatory requirements have become more demanding, many banks have sought to plug ga...
06 April 2023 /regulation /crime
Iain Swaine, Global Advisory Director EMEA, BioCatch and Katie McKenzie, Engagement Manager EMEA, BioCatch The financial industry is preparing itself for a surge in Authorised Push Payment (APP) scam reimbursements. Why? Because the statistics speak for themselves. In the UK alone, APP scams cost consumers close to £250 million in the first half of...
04 April 2023 /regulation /crime Artificial Intelligence and Financial Services
Marc Smith Founder and CTO at Conpend
Navigating complex, overlapping sanctions is placing renewed pressure on banks’ compliance operations and putting the trade finance industry to the test – again. Marc Smith, founder and CTO at Conpend, shares frontline insights on the current sanctions environment, the impact on trade finance, and the innovative digital solutions that are taking o...
03 April 2023 /regulation /crime Artificial Intelligence and Financial Services
Jason Grasso Customer Risk Business Unit Leader at Pega
In banking and technology, ChatGPT and other types of generative AI is on most people’s mind. In talking with clients they are starting to explore how generative AI can be leveraged to enhance their financial crimes prevention processes. Given that executives are under pressure to reduce costs while managing risk a very logical question to finan...
30 March 2023 /regulation /crime Banking
Ryta Zasiekina CEO at FYST
As merchants gear up to maximise ecommerce sales in 2023, the never-ending fight against fraud means there’s no room for complacency. Valiant efforts to detect fraud will come to nothing if merchants don’t have the right tools to fight it. The speed with which fraud is mutating to evade detection is frightening. Even with innovations such as Stro...
29 March 2023 /security /crime E-commerce
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