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In recent times, we have seen a major increase in electronic transactions in part due to Covid19 and the reduction in cash transactions, but also with the increase
Money laundering and prevention of risky financial activities has proven to be a challenge to tackle for regulated companies. With technological advancements, come more intuitive
FinXP, a European payments and banking service provider, has implemented the intelligent compliance technology solution ComplyRadar to enhance and automate transaction monitoring and help with case
Rarely a week goes by that we do not hear of the latest multi-million fine being imposed on a bank or a financial institution or
A transaction monitoring (TM) solution focusing on Anti-money laundering (AML), Fraud or Responsible Gambling, provides financial institutions with the tools to monitor customer transactions and
Over the past couple years we have been successfully implementing AML solutions for financial, gaming and payment service organizations. Our flagship product, ComplyRadar, is one
The goAML portal came into being in June 2017 when the Irish reporting entities were required to hand in their regulatory reports to the Irish
When it comes to fighting fraud and money laundering, the connection between the two is critical as fraudsters work to find a way to legitimize
It is estimated that around 2 to 5 percent of global GDP, or $800 billion to $2 trillion a year fall victim to money laundering.
The effects of Covid-19 have been felt in every industry, in every country. As the world continues the fight to quell the virus, everything about
The fight against fraud and money laundering no longer sees businesses and compliance personnel going up against easily identifiable, shady criminals. Auditors can no longer
As a result of the ongoing global struggle with the COVID-19 pandemic, financial institutions are experiencing novel compliance challenges linked to this outbreak. The new
Having a correctly tuned AML solution is essential for any organization dealing with high volumes of financial transactions. With compliance risks being higher nowadays, regulators
Active or real time monitoring of financial transactions should be the order of the day for institutions and businesses handling high volumes of deposits and
It’s estimated that money laundering (ML) transactions account for anywhere between 2% to 5% of global GDP. This amounts to roughly $2 trillion per annum.
Although we live in a cutting-edge, modern tech world, a large number of payment service providers still use outdated, static systems to flag and identify
Adherence to compliance regulations is no easy feat for financial institutions. The compliance team depends on immense accuracy and timely information to get their tasks
It’s all fun and games – until it’s not. Although gambling is a popular and undeniably fun pastime, it should not be treated as a
Is problem gambling becoming something of a public health emergency? This is the question on everyone’s mind in the iGaming industry, and to be completely
We’re living in the digital age, meaning we’re all too familiar with how the online sphere has dominated the world of financial transactions, particularly in
Data scientists have done a great deal for us in the way of making our financial lives easier and, without a doubt, more secure than
Financial institutions across the globe are under unprecedented regulatory pressure to improve their AML Transaction Monitoring systems and ensure they are correctly tuned to detect
With the rise of money laundering and online fraud, iGaming & Gambling companies everywhere have had to up their game and optimise their transaction monitoring
We are really excited to be participating in the Money 20/20 in Amsterdam, where we will be joining other Payments and Fintech veterans from Google, TSYS and Citi.
Click the link below to read more!