As a fintech or neobank, staying compliant with anti-money laundering (AML) regulations and protecting your business against fraud is critical to your success. One key aspect of this is merchant monitoring, which involves regularly reviewing transactions and identifying any potential risks or suspicious activity. …

Flagright has established a strategic partnership with Clear Junction to provide fintechs with access to banking-as-a-service (BaaS) solutions, allowing them to get access to domestic and international payment rails. Obtaining a fintech license or finding and onboarding with a BaaS provider for the first time can be a daunting task…

Terrorist financing is a growing concern in the financial industry, as these companies handle large amounts of financial transactions and have access to sensitive customer information. Compliance with regulations aimed at preventing terrorist financing is crucial for fintech and neobank companies to maintain their reputation and avoid legal penalties. However…

Financial crime is a major concern for fintechs and neobanks, as it not only poses a financial risk to these companies, but also undermines the trust and confidence of customers. …

Transaction monitoring is an essential aspect of compliance and fraud protection for fintechs and neobanks. It involves monitoring and analyzing financial transactions in real-time to detect and prevent fraudulent activities. This can help fintechs and neobanks to comply with anti-money Laundering (AML) regulations, manage risks and protect their customers’ financial…

Fraud and cybercrime in the fintech and neobank worlds have grown in recent years, with losses totaling $14.1 billion globally in 2019, according to data from the Fintech Fraud Report published by FIS Global in 2020. As fintechs and neobanks gain popularity, so does the need to ensure their security…

Financial institutions are facing a broadening range of money laundering threats, and modern financial criminals have a variety of tools at their disposal to bypass preventative measures put in place to stop them. As a result, financial institutions must be able to respond to threats effectively in order to balance…

In today’s world, financial crime is a major challenge for businesses, banks, financial institutions like fintechs and neobanks, and even governments. To combat this, a data-driven approach is needed to help identify suspicious activities and prevent them before they occur. There is a lot of information that can help us…