FinScan, Quantifind, and Verisk launch new AI-driven risk and fraud detection tools

FinScan and Quantifind have announced a strategic partnership to integrate AI-powered adverse media intelligence into FinScan’s AML and sanctions compliance platform. The collaboration aims to help financial institutions detect financial crime risks by analyzing global news in real time, allowing compliance teams to identify risks before an entity is officially added to a watchlist.

Separately, Verisk has launched Verisk Fraud Discovery, a platform designed to combat evolving insurance fraud. The tool unifies fraud intelligence, network analysis, and digital media forensics to detect organized fraud networks and opportunistic claims. The platform includes capabilities to analyze images and documents for signs of manipulation, such as deepfakes, to assist insurers in underwriting and investigations.