UniCredit Poland rolling out Flagright financial crime compliance platform
UniCredit Poland is implementing tech firm Flagright’s AI-native platform for financial crime compliance, continuing the trend of FIs increasingly turning ...
Tag: anti-money laundering (AML)
FinCEN assesses $125M penalty against UBS
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network has assessed a $125 million penalty against UBS Financial Services ...
Wise shares sink after US rejects bank charter application
Wise Group Plc’s application to become a national trust bank in the U.S. was rejected by the U.S. Office of ...
Implementing AI for AML requires resolute leadership, comprehensive data
FIs must prioritize strong governance and robust data when implementing AI systems to improve anti-money laundering processes. FIs should “start ...
Implementing AI can relieve bottlenecks amid growing AML complexity
With new threats and expanding regulations making anti-money laundering processes more complex, financial leaders are turning to AI to help. ...
Q&A with Luis Pinedo on his move from Santander to ThetaRay
Luis Pinedo departed Santander after nearly 16 years to take a new position with fintech ThetaRay, aiming to lead the ...
Nasdaq Verafin developing AI agents to tackle AML compliance
Nasdaq Verafin is developing two new agents: a fraud caseworker and a regulator reporter, adding to the company’s existing agentic ...
Bank of America to pay $7.5M settlement to SEC for alleged reporting oversight
Bank of America has agreed to pay a $7.5 million settlement to the U.S. Securities and Exchange Commission to resolve ...
FactSet’s AI-driven AML tool reduces false positives by up to 80%
Financial data company FactSet is doubling down on AI across its product stack and has launched two AI-driven products this month. The New York-based company, whose clients include First ...
UiPath acquires WorkFusion to boost agentic AI compliance tools
Agentic automation software provider UiPath has acquired WorkFusion, a specialist in AI-powered tools for financial crime compliance. The move will strengthen ...
