Tag: Financial Crime & Fraud
Lynx raises £15m Series A funding to fight fraud and financial crime
Funding News: Fintech firm Lynx secures £15 million in Series A funding.
Investors: Funding round led by Forgepoint Capital, with participation from Banco Santander.
Technology...
FCA places embattled Metro Bank on financial crime watchlist as rescue deal continues
Metro Bank's Situation: The bank is on the Financial Conduct Authority's (FCA) financial crime watchlist, confirmed on June 6.
Reasons for Listing: The FCA's action...
Saudi Awwal Bank taps Mastercard to fight financial crime with AI
Partnership Expansion: Saudi Awwal Bank (SAB) expands partnership with Mastercard to enhance its financial risk assessment using AI.
Technology Adoption: SAB is adopting...
Global enforcement fines rise to $5.65bn in Q3 2023
Global enforcement fines rose to $5.65 billion in Q3 2023, marking a 30% increase from the year's start.
Q1 and Q2 fines were...
FCA calls for “robust frameworks” to detect fraud and support victims
The UK's Financial Conduct Authority (FCA) urges firms to enhance anti-fraud systems.
The FCA's recent review revealed both good and poor practices in...
Regtech Qomply hires former FCA regulator as director of transaction reporting
Qomply, a UK-based regtech firm, has hired Sophia Fulugunya as its new Director of Transaction Reporting.
Sophia Fulugunya previously worked at the Financial...