Latest News – Page 152

ThetaRay Collaborates with Microsoft for GenAI Financial Crime Detection Solution

ThetaRay has partnered with Microsoft Azure OpenAI Service to create a GenAI financial crime detection suite. This collaboration enables financial institutions to better detect criminal...

Berlin-based WealthTech Startup NAO Secures €3.4 Million in Funding

Berlin-based WealthTech startup NAO has successfully secured €3.4 million in seed funding from a mix of family offices, private investors, and existing backers, including FinTech...

Klarna Penalized $50 Million for AML Violations

Klarna has been fined Skr500 million ($50 million) by Sweden’s Financial Supervisory Authority due to deficiencies in its anti-money laundering practices. An investigation conducted by...

Themis, an AML Firm, Secures £7.25 Million in Funding

Financial crime prevention platform Themis has successfully raised £7.25 million in scale-up funding. With offices in London and the Middle East, Themis has developed know...

Islamic Fintech Startup Ayan Capital Raises £2.6 Million in Equity Funding

Ayan Capital, a London-based Islamic fintech, has raised £2.8 million in equity funding to enhance halal car finance and other Islamic finance offerings in the...

EBA Clearing Introduces SEPA-Wide Payee Verification

EBA Clearing has introduced a SEPA-wide Verification of Payee (VOP) service to assist payment service providers (PSPs) in Europe in adhering to the Instant Payment...

FinCEN Alerts Banks to the Dangers of Deepfake Technology

The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has issued an alert to assist banks in identifying GenAI-generated deepfake scams. FinCEN reports an increase...

Eviden and Ordo Launch Pilot for Open Banking Bill Payment Platform

Atos Group's unit Eviden is collaborating with fintech company Ordo and blockchain firm ByzGen to pilot an innovative bill payment service based on open banking...

Swish Introduces Tap-to-Pay Feature for 8.6 Million Mobile Users

Sweden's popular payments app, Swish, is introducing payment cards to its mobile service, allowing users to Tap-to-Pay with their phones at stores both in Sweden...

Citi Being Investigated by US Federal Agencies for Connections to Russian Oligarchs – Barron’s

Citigroup is under investigation by several U.S. government agencies regarding its ties to sanctioned Russian billionaire Suleiman Abusaidovich Kerimov. According to a source cited by...