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 ...
Tag: anti-money laundering (AML)
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 ...
Oracle studies scammers, embeds AI into AML to thwart them
Tech company Oracle is developing anti-money laundering tools with gen AI amid climbing fraud and financial crime. Nearly $2 trillion ...
European Central Bank taps Feedzai’s AI tools for fraud, AML detection
The European Central Bank is tapping fraud mitigation service provider Feedzai to secure its upcoming payment channel, the digital euro. ...
Inside TD Bank’s anti-money laundering effort
TD Bank is investing in its anti-money laundering efforts via technology, systems and personnel as it continues to restructure on ...
How Nasdaq Verafin is looking to save banks up to 16K hours annually with agentic AI for anti-money laundering
Nasdaq Verafin is adding agentic AI capabilities to its AI-driven anti-money laundering solutions, in an effort to streamline its fight ...
Fintech funding expected to rebound in 2025, experts say
Fintech funding will rebound in 2025 on the heels of improving macroeconomic conditions and a clearer regulatory framework after experiencing ...
TD to roll out anti-money laundering tools in Q3
TD Bank will roll out additional tools in 2025 to identify and remediate suspicious activity linked to money laundering after the U.S. ...
TD money laundering head Mazariegos exits, Sanjuas promoted
Toronto-Dominion Bank is promoting one of its top US anti-money-laundering executives, Jacqueline Sanjuas, to a role that will see her ...
