09 December 2024 - Weekly Fraud, Risk & Compliance Tech News

Hawk:AI and Resistant AI Featured Among Europe’s Fastest-Growing Startups

Both Hawk:AI (AI-driven AML analysis and transaction monitoring) and Resistant AI (forged document detection) were named on the Sifted 250 list of fastest-growing European startups in 2024.

Why it matters: Their inclusion highlights the rising importance of AI-powered solutions in the fight against fraud and financial crime.

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NICE Actimize Publishes the 2025 EMEA Fraud Survey

NICE Actimize released its comprehensive fraud trends survey, shedding light on emerging threats in the EMEA region. Key highlights include:

• Top Fraud Threats: Scams (68%), account takeover (66%), and phishing (72%).
• Technology Adoption Gaps: GenAI faces challenges such as explainability and budget constraints.
• Collaboration and Innovation: Increased collaboration and scalable technology investments are top priorities.

Read the full report

SAS Acquires Hazy for Synthetic Data Capabilities

SAS has acquired Hazy, a leader in synthetic data generation, to bolster data privacy and accelerate AI model training.

Why it matters: This move enhances SAS's ability to safeguard sensitive data and develop fraud and compliance applications faster.

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ComplyAdvantage and Detected Team Up to Revolutionize KYB

The partnership between ComplyAdvantage and Detected combines risk intelligence with KYB expertise to offer:

• Streamlined Onboarding: Automated workflows and rich profile data accelerate processes.
• Enhanced Compliance: Real-time monitoring and dynamic risk scoring improve operational efficiency.

Discover the details

Recent Highlights from RiskTechRadar

• 5 New Fraud & Risk Management Platforms for 2025

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