Financial crime stories
North Korean operatives exposed in global tech job scam
Last week
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malware
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cryptocurrency
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blockchain
SentinelLabs reveals North Korean operatives are masquerading as foreign IT professionals to infiltrate global tech markets and bypass sanctions.
Outsourcing AML: Five key factors for financial firms
Last week
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outsourcing
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financial institutions
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aml
EFI advises financial institutions on five key considerations for outsourcing AML operations amid rising regulatory pressures and operational costs.
SAS campaigns for anti-fraud AI during awareness week
Last week
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data analytics
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digital transformation
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cx
SAS teams up with the Association of Certified Fraud Examiners to advocate for anti-fraud AI during International Fraud Awareness Week amid rising fraud tactics.
AI-driven fraud & deepfakes pose escalating global threat
Last week
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cryptocurrency
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blockchain
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phishing
The Entrust Cybersecurity Institute's 2025 report reveals AI-assisted fraud incidents surged, with deepfake attacks hitting every five minutes in 2024.
CommBank app updates enhance security against scams
Last week
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cryptocurrency
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fintech
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blockchain
CommBank has unveiled new security features for its mobile app, including digital wallet reviews and scam warnings, to enhance customer protection against fraud.
Asian banks face rising crime threat due to low AI use
Last month
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digital transformation
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genai
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ai
A report reveals that over 50% of financial institutions in Asia are failing to adopt AI for anti-money laundering, risking exposure to financial crime.
Busting money laundering in Australia is dependent on making better data connections
Last month
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genai
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ai
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money laundering
The persistent ability of criminals to exploit legitimate structures to launder money has banks and others on the hunt for new tools and techniques to counter the threat.
Microsoft warns of AI-driven cyber threats & ransomware rise
Last month
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ransomware
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phishing
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email security
Microsoft's Digital Defense Report highlights a rise in cyber threats, naming Australia as the sixth most targeted nation with a 2.75-fold increase in ransomware.
Dark web sees surge in pricey software exploit listings
Last month
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advanced persistent threat protection
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cybersecurity
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kaspersky
Kaspersky has identified 547 dark web listings for software vulnerability exploits from January 2023 to September 2024, with average prices hitting $100,000.
UK banking fraud predicted to exceed GBP $38 million by 2029
Tue, 9th Jul 2024
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biometrics
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data sharing
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analyst report
Fraudulent banking transactions in the UK could hit GBP $38 million over the next five years, warns Juniper Research, as the country battles a 111% surge in financial crime.
BioCatch report underscores evolving fraud landscape in APAC
Wed, 26th Jun 2024
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endpoint protection
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fintech
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email security
BioCatch's latest report on APAC digital banking fraud trends reveals a 70% rise in mobile app fraud and a dramatic 108% surge in voice scams, alongside a notable decline in fraud losses in Australia.
HSBC & BNY Mellon to pilot Quantexa's new AI technology
Tue, 11th Jun 2024
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risk & compliance
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genai
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llms
HSBC and BNY Mellon join Quantexa's Lighthouse Programme to deploy Q Assist, a context-aware generative AI suite, debuting at London Tech Week to optimise financial services.
Lucinity launches AI copilot plug-in at Money2020 Europe
Mon, 10th Jun 2024
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crm
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fintech
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rpa
Lucinity unveils an advanced AI copilot plug-in at Money2020 Europe, promising instant ROI and up to 90% productivity boosts for financial institutions.
UK SMEs eye global expansion despite banking challenges
Thu, 6th Jun 2024
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fintech
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brexit
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regulation
A new report by IFX Payments reveals that 78% of UK SMEs are set to expand globally despite facing challenges from ring-fencing regulations and Brexit.
AI's role in global digital fraud exposed by BioCatch study
Wed, 1st May 2024
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ai
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cyber criminal
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digitisation
A BioCatch study reveals that artificial intelligence (AI) is increasingly used by criminals for financial crime and digital fraud, posing significant challenges to global financial institutions.
Innovate Finance collaborates to speed up RegTech industry initiatives
Mon, 15th Apr 2024
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fintech
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collaboration
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digital initiatives
Innovate Finance, City of London Corporation, and Encompass Corporation launch a RegTech Platform to expedite fintech initiatives, provide guidance to RegTech providers, and address sector challenges.
Dow Jones to launch AI-powered platform to revolutionise due diligence
Wed, 10th Apr 2024
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risk & compliance
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genai
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ai
Dow Jones Risk and Compliance is set to launch an AI-powered research platform, Dow Jones Integrity Check, promising to revolutionise diligence reports.
Encompass appoints Neil Acworth as new Chief Information Security Officer
Wed, 27th Mar 2024
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risk & compliance
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cloud services
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cto
Neil Acworth steps into the role of Chief Information Security Officer at Encompass Corporation, bolstering the firm's commitment to delivering robust, data-centred financial security measures.
Encompass Corporation named 'One to Watch' in FCC50 list by Chartis Research
Tue, 19th Mar 2024
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digital transformation
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risk & compliance
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encompass
Specialist in compliance technology, Encompass Corporation, earns 'One to Watch' status from Chartis Research's FCC50 list, highlighting performance in battling financial crime.
Ripjar unveils Compliance CoPilot for risk monitoring
Thu, 14th Mar 2024
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genai
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llms
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ai
London's Ripjar launches Compliance CoPilot, an AI-risk management assistant, aiming to revolutionise threat monitoring.