Financial crime stories

Absa uses WhatsApp and FICO tools to lift fraud containment and collections, with self-solve cases up 47% and promises to pay more than doubling.

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.

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.

UK banks face a sharp rise in authorised fraud as phishing, purchase scams and stolen-device attacks surge, BioCatch data shows.

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

UK banks urged to use customer profiling, real-time monitoring and ecosystem data sharing to curb authorised push payment losses and protect trust.

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.

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.

Bybit EU taps Fourthline to streamline EEA customer checks as MiCA raises the bar for crypto onboarding and compliance in Austria.

VinciWorks earns first Fosway 9-Grid showing as a Solid Performer, boosting its profile in EMEA digital learning and compliance training.

Bybit EU bolsters Austrian onboarding controls with Fourthline as crypto firms face tighter MiCAR identity and anti-money laundering scrutiny across Europe.

Cyber fraud and computer misuse offences in England and Wales have climbed 88% in five years, while specialist police staffing rose just 31%.

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.