Financial crime stories - Page 5

Saviynt appoints Kevin Spurway, with 20+ years in enterprise SaaS marketing, as Chief Marketing Officer to boost growth and market leadership.

Celonis and Bright Cape launch Smart KYC Control Tower app to help financial firms cut costs, boost compliance and improve customer experience in KYC processes.

The results of the first of four Canadian government-run workshops were released in a report.

SEON launches AI-powered real-time AML suite, unifying fraud and compliance tools to enhance risk detection and streamline regulatory reporting.

Ecommpay has been shortlisted for three awards at the PayTech Awards 2025, recognising innovation in payments, anti-fraud, and diversity leadership.

BioCatch and The Knoble have launched a toolkit to help banks quantify losses and build a business case for stronger authorised push payment scam prevention.

Bybit suffered a major hack, exposing vulnerabilities from human error rather than blockchain flaws, as attackers manipulated staff to divert funds.

Carol Chris, General Manager of GBG APAC, emphasises innovation in fraud prevention amid rising data breaches, as demand for compliance solutions grows.

Outpost24 has appointed Omri Kletter as Chief Product Officer, aiming to enhance its cyber risk management solutions and support growth heading into 2025.

A survey by SAS and KPMG reveals sluggish AI and ML adoption in anti-money laundering, with only 18% of financial institutions fully implementing these technologies.

Moody's highlights a six-year high in romance scams, unveiling 1,193 new entities globally in 2024, with the US leading at 38% of cases.

The future of financial crime prevention is being reshaped by AI and quantum computing, presenting both opportunities and risks, says Efficient Frontiers International.