Financial institutions stories - Page 9
Romance scams reach six-year high, Moody's reports
Thu, 13th Feb 2025
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social media
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online fraud
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money laundering
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.
Puma leads $4.3m funding for legal AI firm Semeris
Thu, 6th Feb 2025
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fintech
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genai
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ai
Puma Growth Partners has led a $4.3 million funding round for Semeris, enhancing its AI tools for financial institutions navigating complex legal documents.
artius.iD welcomes Jeffrey Keplar to advisory board
Thu, 6th Feb 2025
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physical security
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ai
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cybersecurity
Artius.iD has appointed Jeffrey Keplar to its Board of Strategic Advisors, aiming to bolster cybersecurity for global financial institutions amid rising digital threats.
AI-fuelled bank scams rise, impersonating officials with ease
Fri, 31st Jan 2025
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physical security
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ai
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identity theft
A recent report reveals that criminals are increasingly employing artificial intelligence to enhance bank scams, making them harder to detect.
Real-time KYC: Tipping the balance in corporate banking's digital revolution
Tue, 28th Jan 2025
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data analytics
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digital transformation
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fintech
As corporate banking undergoes a digital transformation, real-time KYC processes powered by Corporate Digital Identity are set to significantly enhance operational efficiency.
AI revolutionising financial crime detection by 2025
Mon, 27th Jan 2025
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quantum computing
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risk & compliance
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ai
The future of financial crime prevention is being reshaped by AI and quantum computing, presenting both opportunities and risks, says Efficient Frontiers International.
Zscaler report reveals surge in mobile cyberthreats
Wed, 4th Dec 2024
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ransomware
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digital transformation
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iot security
Zscaler's latest report reveals over 200 malicious apps in Google Play, urging organisations to enhance mobile security amid rising mobile threats.
Jersey Telecom acquires Spectrum to boost global online payment security
Wed, 28th Feb 2024
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physical security
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cloud services
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acquire
Jersey Telecom's acquisition of Australian tech company Spectrum bolsters the fight against online payment fraud, reinforcing security on a global scale.
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Visa appoints Paulina Leong to lead Hong Kong & Macau market
Thu, 6th Apr 2023
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martech
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commerce systems
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payment technologies
Visa appoints Paulina Leong as General Manager of Hong Kong and Macau operations. She has 18 years of experience in the payments industry.
Global spending on financial crime compliance accelerates
Fri, 11th Jun 2021
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risk & compliance
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financial institutions
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lexisnexis
Global spending on financial crime compliance at financial institutions is forecast to reach US$213.9 billion in 2021.