Financial crime, such as payment fraud, account takeover and money laundering, is more than just a drain on the global economy. For banks and other financial enterprises, it can lead to lower customer satisfaction, damage to reputation, and heavy regulatory fines. In fact, global penalties for failing to comply with anti-money laundering (AML), know your customer (KYC), sanctions and customer due diligence (CDD) regulations totaled $3.8 billion in 2025. Banks and their partners have been using machine learning and predictive analytics as part of their fraud detection efforts for many years now. However, financial fraud is a constantly evolving threat,…

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