Tech Mahindra (NSE: TECHM), a global leader in technology consulting and digital solutions, has announced a strategic partnership with Discai, a BankTech company and a fully owned subsidiary of the KBC Group. The collaboration aims to deliver an advanced AI-powered Anti-Money Laundering (AML) solution designed to enhance transaction monitoring and ensure regulatory compliance for financial […]
Wynn Resorts, the operator of Wynn Las Vegas, has agreed to forfeit $130 million to the U.S. Department of Justice (DOJ) to resolve a long-standing investigation into alleged illicit financial transactions involving foreign patrons at its Las Vegas property. The forfeiture, part of a non-prosecution agreement, is considered the largest settlement of its kind for […]
In a key development in the AI-driven solutions space, IT service provider Mphasis and WorkFusion, a leader in digital workforce solutions, have come together. Their collaboration seeks to harness the power of AI Digital Workers across operational domains, particularly within banking and financial services. Revolutionizing Financial Services with AI Digital Workers Recognized as a 2023 […]
ThetaRay, an artificial intelligence (AI) powered transaction monitoring technology provider, has formed a strategic partnership with payment hub solutions leader, Millennium EBS, to advance compliance solutions in the banking industry. As part of the collaboration, ThetaRay’s compliance solution will be integrated into Millennium EBS’s payment hub platform, enabling banks and financial institutions to effectively manage […]
Wipro, an Indian technology services and consulting company, has launched the Wipro Industry Innovation Experience for Financial Services on Microsoft Cloud to address the market challenges faced by today’s financial institutions. This virtual platform offers a suite of banking and financial services solutions built on the reliable infrastructure of Microsoft Cloud. By combining Microsoft Cloud […]
Tata Consultancy Services (TCS) is joining forces with NICE Actimize for offering customers anti-money laundering, compliance, and fraud risk management solutions. NICE Actimize is a part of NICE, a global provider of financial crime, risk and compliance solutions. Craig Costigan — CEO of NICE Actimize said: “As we join together with the TCS organization, NICE […]