Incognia Raises $15.5M Series A to Combat Increased Identity Fraud

By NS Banking Staff Writer

03 Jun 22

Funding to support global expansion to counter billions of dollars in identity fraud losses

Banking TechnologyBanking SecurityFraud Protection Systems

SEC Charges Wells Fargo Advisors With Anti-Money Laundering Related Violations

By NS Banking Staff Writer

23 May 22

Wells Fargo Advisors failed to implement and to test a new version of its internal anti-money laundering (AML)…

Banking SecurityFraud Protection Systems

Mastercard partners with Microsoft to launch enhanced identity solution

By NS Banking Staff Writer

26 Apr 22

Mastercard’s Digital Transaction Insights has been integrated with Microsoft’s Dynamics 365 Fraud Protection’s risk assessment to better enable…

Banking TechnologyBanking ServicesCards and Payments

FCA review finds weaknesses in some challenger banks’ financial crime controls

By NS Banking Staff Writer

25 Apr 22

Challenger banks aim to compete with traditional high street banks using smarter technology and more up-to-date IT systems

Banking TechnologyBanking SecurityFraud Protection Systems

Singapore Payment Firm Thunes Takes Majority Stake in AML and Compliance Platform Tookitaki

By NS Banking Staff Writer

19 Apr 22

Adding Tookitaki to Thunes' global network addresses an urgent need for payments and other financial institutions to embed…

Banking TechnologyBanking SecurityFraud Protection Systems

IBM rolls out quantum-safe system for transaction processing

By NS Banking Staff Writer

06 Apr 22

IBM claims that its IBM z16 is the industry’s first quantum-safe system and is supported by lattice-based cryptography…

Banking TechnologyAutomation

TransUnion acquires identity service providers Neustar, Sontiq

By NS Banking Staff Writer

02 Dec 21

The acquisition of Neustar is the largest transaction for TransUnion and is expected to advance the company’s growth…

Banking TechnologyBanking SecurityFraud Protection Systems

NatWest pleads guilty to violation of money laundering regulations

By NS Banking Staff Writer

08 Oct 21

NatWest guilty plea indicates operational weaknesses between 2012 and 2016, where it failed to monitor accounts of the…

Banking TechnologyBanking SecurityFraud Protection Systems

CaixaBank, together with fraud prevention start-up Revelock, is developing an artificial intelligence solution to reinforce digital security

By NS Banking Staff Writer

21 Sep 21

Fraud prevention technology detects anomalies in typical user online behavior patterns to identify potential threats

Banking TechnologyBanking SecurityFraud Protection Systems

Swedbank Partners with ACI Worldwide to Combat Fraud and Comply with SCA

By NS Banking Staff Writer

07 Jul 21

ACI’s machine learning capabilities and consortium data underpin Swedbank’s strong customer authentication (SCA) exemption strategy

Banking TechnologyBanking SecurityFraud Protection Systems