RegTech Insight Financial Crime, KYC & AML The latest content from across the platform
Covalent Backs AML Analytics Expansion of Financial-Crime Control Testing
Covalent Equity Partners has made an undisclosed growth investment in AML Analytics to fund new testing engines and international expansion. AML Analytics provides independent testing, validation and risk analytics for anti-money laundering (AML), counter-terrorist financing and sanctions controls. The transaction’s value and Covalent’s ownership interest were not disclosed. Founded in 2010, AML Analytics uses reference…
Hummingbird Acquires Quantimon to Connect AML Detection with Alert Outcomes
San Francisco based Hummingbird has acquired anti-money laundering (AML) risk-detection company Quantimon to connect transaction-monitoring models with the outcomes of alert investigations. The acquisition adds Quantimon’s machine-learning technology and federated learning network to Hummingbird’s financial-crime compliance platform. Financial terms were not disclosed. The planned workflow feeds completed alert decisions back into detection. Hummingbird records whether…
Brickwood Asset Management Selects FinScan for Sanctions and Adverse Media Screening
Brickwood Asset Management has selected FinScan for ongoing sanctions and adverse media screening of issuers held within its funds and their directors. The UK-based independent value equities boutique was founded by a team from UK and international asset managers. FinScan, an Innovative Systems solution, provides name screening for corporate entities and individuals through a single…
Plenitude Joins Skills Compact to Address AI Oversight in Economic Crime
Plenitude has joined the Financial Services Skills Compact as a Supporter, linking workforce development to the skills needed to oversee artificial intelligence (AI) in economic crime controls. The specialist economic crime firm argues that staff must retain the judgement to challenge automated decisions and remain accountable for control effectiveness as technology takes on more work….
Could AI Create a Judgement Gap in Financial Crime?
By Rob Cutler, Managing Director, NexusAML. AI is changing financial crime operations quickly. Routine screening, data analysis and case preparation can increasingly be automated, allowing analysts to focus their time on work that requires more investigation and judgement. That shift should improve efficiency. But it also raises a less obvious question. If AI takes on…
To Beat Financial Crime, Banks Need to Start Doing the Time
By Sean Vickers, Global Head of CLM, Delta Capita. When it comes to having the resources to fight financial crime – have banks ever had it so good? Think about it, not only has technology never been more sophisticated, but financial institutions can now call on armies of consultants to advise on compliance, not to…
A7 Exposé Highlights FinCrime Expertise Gaps in Product Due Diligence
Reporting by the Financial Times, Wall Street Journal and Reuters has exposed the scale of A7, the Russia-linked sanctions-evasion network that allegedly moved $6.9 billion through global banks using front companies and forged documents. FinCEN’s subsequent findings describe a wider operation whose overseas sub-agents processed more than $17 billion between January 2025 and June 2026,…
What You Missed at This Year’s RegTech Summit London
Evidence and accountability ran through this year’s RegTech Summit London. As artificial intelligence takes on more compliance work, firms need to explain decisions, trace reported data to its source and assign responsibility for errors. Across this year’s sessions, speakers returned to fragmented systems, continuous controls and the expertise needed to challenge automated results. The opening…
Castellum.AI’s Financial Crime Benchmark Finds Accuracy & Consistency Gaps in Standalone LLMs
Castellum.AI announced its FinCrime Agent Benchmark (FCA Bench) in September that compares the performance of nine standalone large language models (LLMs) performing financial-crime checks and when those same models operate within the Castellum.AI Harness. The benchmark measures risk identification accuracy (sanctions, politically exposed persons (PEPs) and adverse media screening), applying an institution’s standard operating procedures…
Feedzai Adds Farol Agent for Fraud Rules, Investigations and SAR Drafting
Feedzai has launched Farol, an artificial intelligence (AI) agent embedded in its RiskOps Studio to analyse fraud-detection rules, retrieve case data, summarise alerts and draft suspicious activity reports (SARs). Embedding the agent within the risk platform gives it access to transaction data and existing investigation workflows. Feedzai positions this approach as an alternative to connecting…