Tag: money laundering

While money mule accounts don’t generate direct losses for banks, they can still have negative impacts, including maintenance costs and regulatory scrutiny. Banks should take advantage of advanced analytics and diverse data (including dark web intelligence) to help protect themselves. Money mules – people who receive and move money stolen from fraud victims – are […]

Financial institutions would be much more effective at fighting fraud if they could pool their private transaction data to train artificial intelligence models that can find patterns that reveal criminal activity. The challenge is allowing them to avoid sharing their actual raw data. Insight Partners’ portfolio company Featurespace just won funding from Innovate UK and the […]