This article was originally published in The Payments Association EU’s June 2024 whitepaper, “KYT Best Practices and More,” written in collaboration with Deloitte and Banking Circle. Download the full whitepaper here. Efficient and accurate data analysis is crucial for effective […]
Founded in 2017, Beem is a free mobile payment app with over 1.5 million customers in Australia. It specializes in facilitating peer-to-peer transactions, storing loyalty cards, moving money between accounts, and enabling purchases. To date, Beem has processed over $1 […]
If you’ve found this article, the chances are you’re looking for: A transaction monitoring solution that’s scalable, efficient, and powerful. A quick comparison of the top available solutions. A clear list of features. This article summarizes six top transaction monitoring […]
An award-winning FinTech that provides Southeast Asians with a full suite of financial services, BigPay partnered with ComplyAdvantage for customer screening and transaction monitoring. The firm operates in Malaysia and Singapore, offering more than 1.4 million users services such as […]
In our 2023 State of Financial Crime report, 99% of senior compliance professionals said they use AI to enhance transaction monitoring. Yet deficient technology is still contributing to inadequate financial crime risk management. For example, in August 2022, New York’s […]
A bootcamp series for financial institutions on managing and running a best-in-class transaction monitoring process. Covering process design, transaction analysis, OSINT research, and more.
Many firms believe risk-based transaction monitoring means stricter rules, more alerts – and more costs. Yet is this really true, or could this approach be costing firms in unexpected ways? At ComplyAdvantage, our implementation and customer success teams support our […]
From COVID-19 to the Russian invasion of Ukraine, global events are significantly changing the behavior of criminals and legitimate customers alike. In turn, these changes have impacted firms’ transaction risk management frameworks. In an interview with global financial crime consultancy […]
Firms typically focus on improving their fraud prevention and detection measures to mitigate risk and reduce financial losses. But what is fraud prevention, and how does it differ from fraud detection? Are the two functions completely separate? Most importantly, what […]
Specializing in international cash management solutions, financial services company Ebury partnered with ComplyAdvantage to build a fit-for-purpose transaction monitoring (TM) rule set that could keep pace with the company’s rapid growth. Ebury is fully regulated in 21 countries and offers […]
On February 9, 2023, the Hong Kong Monetary Authority (HKMA) published revised guidance relating to transaction monitoring, screening, and suspicious transaction reporting. The paper replaces previous versions that were published in 2013 and 2018, highlighting key observations from the HKMA’s […]
To deliver an effective, compliant fraud and anti-money laundering (AML) program, many firms decide to partner with a regulatory technology (RegTech) vendor. The vendor evaluation process often focuses on factors like the scope and quality of their data, ease of […]
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