financial crime

Top 5 takeaways from the digital compliant client lifecycle journeys webinar

The pressure on financial institutions to become more efficient, comply with new regulations, and compete with novel technologies and entrants is growing. Financial firms are looking at uncertain conditions due to COVID-19, as well as related increases in financial crime and fraud. The IBM Customer Lifecycle Management (IBM CLM) with Fenergo solution is designed to […]

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IBM Safer Payments recognized as ”Fraud detection and prevention product of the year”

On its 25th anniversary, Risk.net Asia recognized IBM Safer Payments as “Fraud detection and prevention product of the year.” This recognition is a testament to the IBM RegTech team’s commitment to bringing next generation risk and compliance solutions to serve clients across the globe and also to meeting geo-specific industry and business needs. IBM Safer Payments […]

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IBM Financial Transaction Manager announces ISO 20022-ready High Value Payments offering

New high value payments solution offering IBM Financial Transaction Manager (FTM) has announced its new High Value Payment (HVP) offering. This new HVP offering supports banking clients participating in new real-time gross settlement systems in Europe such as Target2 migration to ISO 20022 by end of 2021. Over 3,000 financial institutions worldwide offering SWIFT cross-border […]

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How to stay ahead of insurance fraud in the new normal: 6 analytics techniques to monitor claims data changes

Introduction IBM has sponsored two virtual roundtable conversations where industry experts share views, examples and tips on the impact of COVID-19 on insurance fraud. If you haven’t seen them, you can catch the replays on demand at COVID-19: Responding to the threat of fraudulent claims and How can the Insurance Fraud Industry stay ahead of […]

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Announcing new capabilities in Financial Crimes Insight for Claims Fraud 6.5.1

Financial Crimes Insight for Claims Fraud 6.5.1 release On June 19th, 2020, IBM released Financial Crimes Insight for Claims Fraud 6.5.1. This release is the result of approximately an 8-month design partnership with an insurance carrier in the U.S., delivering many significant updates. The Financial Crimes Insight for Claims Fraud solution is designed to help […]

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The role of technology as the backbone of AML and KYC processes

Technology has played a pivotal role in empowering the fight against money laundering, tax evasion and drug trafficking – all manner of financial crime. And even though the role of technology in fighting financial crime keeps growing we are actually just at the start of what’s going to be the next wave of technology. It […]

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IBM RegTech hosts risk and compliance thought leaders at virtual summit

The COVID-19 pandemic is one of those rare civilizational disruptions that is profoundly affecting nearly all human institutions. Organizations are scrambling to respond to threats to the health and safety of their stakeholders, and to grapple with new constraints and shifting realities in this crisis. While the human toll of the pandemic is unequivocally a […]

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Payments fraud prevention in times of economic uncertainty

As the global economy continues to contract and social anxiety increases from the novel coronavirus (COVID-19) pandemic, so do new fraud threats emerge. These new fraud threats have already triggered numerous warnings from government officials such as the U.S. Attorney General William Barr and organizations such as: the U.S. Secret Service, FBI the National Fraud […]

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FinTech explosion and faster payments drive faster financial crime in 2020 – how can banks respond?

Financial crime isn’t going away, rather it is growing Investment in financial crime prevention solutions for AML, fraud and insurance investigations has been mandated by regulators for decades. But despite the billions already spent, regulatory penalties continue to rise and fraudsters find new ways to steal. In attempts to keep up, financial crimes and fraud […]

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Are your compliance levels at floor or ceiling?

Study shows that RegTech delivers relief from burdensome manual processes – 90% of respondents use or are expanding use of RegTech. According to Forrester Research, RegTech – regulatory technology – is the fastest growing category they track. At $4.6 billion in funding, the year-over-year growth rate for the first three quarters of 2019 was 103%. […]

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Seven reasons why challenger banks choose IBM Safer Payments

Challenger banks, also referred to as digital banks or “neobanks,”are recently created retail banks competing directly with the longer-established banks. Challenger banks distinguish themselves with modern financial technology practices such as online-only operations that avoid the costs and complexities of traditional banking. This trend first emerged in Europe and has progressively gained traction in all […]

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