Blogs
 AI used in AML software must be able to justify its decisions to examiners, not merely make them. Here’s what…
We don’t usually share churn numbers publicly, but this one feels worth sharing: Velocity’s annual churn sits below 1%.   For context, RegTech and FinCrime SaaS…
I’ve been in financial crime long enough to see every flavor of “integration” promise the moon and then quietly implode.…
FRAML: The Future of Financial Crime Prevention or Just Another Buzzword? A Practitioner’s View For years, fraud and AML teams…
Why Is There a Real Need for Real-Time Payments Fraud Prevention? This is a question I get asked regularly during…
Do you know? The global fincrime compliance costs for financial institutions total more than $206.1 billion, as per FinTech Global.…
$75 billion – that’s the total pig butchering scammers have stolen from victims globally, between 2020 to 2024.  Pig butchering…
In today’s rapidly evolving financial landscape, innovation—especially through AI—is essential for banks to stay competitive and secure. However, as AI…
The Financial Services Forum PR 2024 provided a rich opportunity to dive into the latest economic, regulatory, and technological trends…
As the dust settles from another exciting and informative ACAMS Las Vegas conference, I’ve had time to reflect on some…
The Gaming Market size is estimated at USD 272.86 billion in 2024 and is expected to reach USD 426.02 billion…
The growth of sophisticated scams poses a potent threat to the security of both individuals and financial institutions. One such…
You might think checks might have disappeared in today’s fast-moving, tap-and-go world, but here’s a plot twist: they not only…
When will the US DOJ and the Treasury draw the line? A bill designed to regulate the world of art…
According to the US Department of Justice, Connor Pennington, of Washington DC, pleaded guilty on January 30 to laundering roughly $3.5…
Cannabis is a growth industry that is in dire need of banking services, but minus a federal-level approval to legalize…
2022 was a banner year for money launderers and financial crooks. In an effort to provide my readers with the…
Former FBI Special Agent Charles F. McGonigal was arrested at JFK Airport last week along with co-conspirator Sergey Shestakov, and…