Financial crime stories

Norton warns travellers that scammers are using real hotel reservation data to send convincing payment demands through trusted apps and emails.

ACI and Kinexys by J.P. Morgan embed account and payee verification into bank payment flows as instant-transfer fraud pressures mount.

Heligan Group launches strategic advisory unit to tackle sanctions, ownership and cyber risk for investors, defence clients and high-net-worth buyers.

ACI rolls out Connetic on a cloud-native platform, tying together US payment rails as banks juggle instant, batch and high-value transfers.

Banks warned to pair eIDV with address checks as data quality becomes central to spotting synthetic identities and strengthening KYC and KYB controls.

Spektr lands USD $20 million Series A from NEA as Copenhagen AI compliance platform targets manual checks at banks and fintechs.

Tether leads USD $150 million recovery plan as Drift Protocol seeks to restore user balances and restart trading after April exploit.

Ecommpay urges eCommerce overhaul as fraud report says current controls miss social engineering, distort competition and leave merchants exposed.

BMO broadens quantum outreach with new partnerships in Canada and Chicago, aiming to shape banking's readiness on security, talent and governance.

Oracle expands its financial crime platform with Lucinity's AI investigation tools, aiming to cut compliance workloads for banks and regulated firms.

Researchers link Android banking trojan to Cambodia scam compound, exposing a malware-for-hire network impersonating banks and agencies across 21 countries.

Cambodia scam compounds are being tied to a mobile banking fraud network that hit users in 21 countries, researchers say.

Persistent and Databricks launch Merchant Risk Management and Fraud Detection solution for banks and payment providers facing rising digital payment fraud.

Custodia says financial firms must widen record-keeping to cover collaboration tools, messaging apps and AI-generated content as regulators step up scrutiny.

World Cup guide urges banks to spot scams and trafficking as tournament travel, ticket demand and online activity heighten fraud risks.

iProov warns iOS injection attacks surged 1,151% in late 2025 as generative AI fuels deepfake impersonation and identity fraud.

Data quality gives banks a scalable route to digital trust, cutting fraud and false positives while speeding onboarding, KYB and AI-driven checks.

Marqeta has embedded an AI-driven risk score into its Real-Time Decisioning tool, aiming to curb payment fraud and reduce false declines.

MVSI launches AIQ SiteScanner to help payment firms spot merchants using cloaking, redirects and other tactics to evade Mastercard and Visa rules.

UiPath rolls out agentic AI for banks to automate sanctions checks and loan origination, citing faster decisions and tighter audit controls.