fight financial crimes

Resistant AI Raises $25M to Fight Financial Crime with AI

BusinessWireOctober 14, 20256 min

Resistant AI, the leading provider of native artificial intelligence models for financial crime and fraud prevention, today announced a $25 million Series B funding round. The round was led by DTCP, with strong participation from existing investors, including Experian, GV, and Notion Capital who are doubling down on their investment. The company, which was breakeven in September, will use the capital to solidify its position as a profitable EU AI champion by expanding its document...

Crypto Currencies

HTX Joins TRM Labs to Boost Global Crypto Crime Fight

PRNewswireAugust 22, 20253 min

HTX, a global leading cryptocurrency exchange, today announced its participation in the Beacon Network, the first real-time crypto crime response network launched by TRM Labs, as a founding member. By joining forces with elite exchanges and law enforcement agencies, HTX reaffirms its commitment to combating illicit finance and building a safer, more trusted digital asset ecosystem. Launched by TRM Labs, the Beacon Network connects vetted investigators with exchanges, stablecoin issuers, and regulators to detect, flag, and disrupt illicit activity before funds can be cashed...

Compliance & Scoring

ThetaRay Revolutionizes AI Financial Crime Detection acquiring Screena

PRNewswireJuly 31, 20247 min

ThetaRay, the leading provider of AI-powered financial crime detection technology, announced the acquisition of next-generation European screening company, Screena. The acquisition demonstrates ThetaRay’s continuous investment in proprietary technology and reaffirms its mission of enabling banks, fintechs, and regulators to detect financial crime with state-of-the-art AI solutions. Screena helps financial institutions stop wrongdoers without afflicting legitimate parties. It screens individuals, companies, or other entities against numerous lists of sanctioned parties. This ensures compliance with international law...

Banking

BankProv selects Cable to enhance financial crime compliance program

BusinessWireOctober 30, 20234 min

Cable, provider of the leading financial crime effectiveness testing platform, announced that BankProv, a future-ready commercial bank that offers technology-driven banking solutions to its clients, has selected Cable to further enhance its financial crime compliance program with cutting-edge automated financial crime assurance and testing capabilities. As a premier Banking-as-a-Service (BaaS) provider specializing in technology-driven banking solutions to niche markets, BankProv is a trusted advisor and partner to a wide range of niche, technology-driven industries including...

Compliance & Scoring

Jack Henry launches Next-Generation Financial Crimes Platform

PRNewswireOctober 16, 20235 min

AI-powered Financial Crimes Defender helps bankers detect and prevent fraud in real-time

Payments

Lucinity & Trustly to elevate financial crime prevention

PRNewswireOctober 11, 20232 min

Lucinity, a cutting-edge provider of advanced financial crime prevention solutions, has entered into an agreement with Trustly, the innovative online payment solutions company. This collaboration marks a significant milestone in the financial technology landscape as Trustly integrates Lucinity’s state-of-the-art technology to enhance the resilience and effectiveness of its financial crime prevention operations. Lucinity’s sophisticated AI-driven solutions, known for their capability to detect and mitigate financial crimes, will empower Trustly to bolster its defense mechanisms against evolving...

Platforms

Jack Henry Announces Plan for New Financial Crimes Platform

PRNewswireAugust 26, 20224 min

Cloud-native platform powered by Feedzai’s AI/ML engine will help community and regional financial institutions improve safeguards with added efficiencies and real-time data analytics Jack Henry™ (Nasdaq:JKHY) announced today the development of Jack Henry Financial Crimes Defender™, the company’s next-generation financial crimes platform. The comprehensive platform, planned to launch in early 2023, will deliver community and regional financial institutions the enhanced capabilities they need, including AI/ML, to gain visibility into fraud across all channels to better protect their...

Direct Lending Direct Lending – Business

Hummingbird Raises $3 Million to Modernize Anti-Money Laundering

FTB News DeskOctober 22, 201814 min

With funding from Homebrew, Omidyar Network, TTV Capital, and Designer Fund, the company continues its mission to fight financial crime Hummingbird, the modern platform for anti-money laundering (AML), announced that it has raised $3 million in a funding round led by Homebrew, with investments from Omidyar Network, TTV Capital, and Designer Fund. Hummingbird brings agility, intelligence, and breadth to the AML practice for banks, payments companies, and other financial institutions. Many of these institutions struggle to keep up with increasing complexity in...

Compliance & Scoring

Napier AI: Money Laundering Costs $5.5T Globally

Napier AIOctober 22, 20258 min

$3.3 trillion USD could be returned to global economies with AI-powered anti-money laundering (AML) strategies.

In-House Features

AML and KYC in the Digital Age: Can Automation Keep Up with Fraud?

FTB News DeskSeptember 5, 202522 min

Explore how AML and KYC automation can keep pace with evolving fraud tactics while balancing compliance, customer experience, and security in the digital age.

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