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. ...
Tag: Fenergo
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 ...
Fenergo AI agents save 18K hours of compliance work annually
Fenergo is eliminating thousands of hours spent on compliance and onboarding processes with agentic AI, signaling a shift in the banking industry. The ...
Experts: Banks can cut fraud loss reserves by 50% by 2030 with AI
AI can help reduce fraud attempts and save money through better real-time detection, experts say. “If banks are losing less money, then they can also trim down their ...
SMBC Americas deploys Fenergo AI for KYC, AML compliance
Banking giant SMBC Americas is deploying AI solutions from fintech Fenergo to streamline KYC, AML and client lifecycle management at the $2.1 ...
Fenergo names Hishaam Caramanli as president, COO
Fenergo, a global provider of AI-powered client lifecycle management and financial crime compliance technology, has named Hishaam Caramanli as president ...
Transactions: Visa, Wedge partner on card payments
Digital wallet company Wedge is teaming with Visa to launch a debit card within Visa’s network in the U.S. using ...
Compliance Concerns Remain an Obstacle to Tech Upgrades, Study Finds
Despite the importance bank executives place on innovation, a significant number believe their banks lack the technology to invest in ...
Movers and Shakers: Notable March Hires in Fintech and Digital Banking
Growth is the name of the game for this month's notable hires in digital banking and fintech. On one hand, ...
Avoka Rolls Out Module to Link Back Office to Customer Onboarding Journey
Avoka, a software firm specializing in customer acquisition and onboarding, seeks to bridge a gap at retail banks and credit ...
