RedCompass Labs

🎬 🏦 How is the payments industry fighting human trafficking? Human trafficking generates hundreds of billions in illicit proceeds each year. It’s one of the most profitable predicate crimes – just behind drug trafficking and fraud. And it’s growing. Cases of human trafficking increased 28% in 2024, according to a UNODC report released earlier this month. The urgency to act has never been greater. Change is possible. And it must happen now.   To shine a light on this urgent issue, we are proud to present “Caught in the Light” – a groundbreaking documentary exploring how financial institutions are fighting human trafficking. Featuring insights from industry experts, survivors, and advocates, the film highlights the crucial role banks play in detecting and disrupting trafficking operations.   Key voices in the documentary include: ⭐️ Megan Lundstrom, Polaris (formerly Polaris Project) ⭐️ Nick Lewis OBE, Standard Chartered ⭐️ Christopher Bagnall, Quantexa ⭐️ Clark Frogley, Quantexa, Former FBI Official ⭐️ Christopher Kemp, Anti-Human Trafficking Intelligence Initiative (@TeamATII) ⭐️ Silvija Krupena, CFCS, CAMS, RedCompass Labs RedFlag Accelerator As Human Trafficking Prevention Month kicks off tomorrow, we hope this film will inspire meaningful conversations and drive action to combat this growing issue. Together, we can shine a light on this critical problem and work toward a solution. Watch the full film 👉 https://lnkd.in/eBtUjc48 #EndHumanTrafficking #HumanTraffickingAwareness; #EndModernSlavery; #HumanRights; #AntiTrafficking; #PreventHumanTrafficking

Our biggest payments stories in 2024 ⭐️ As 2024 comes to an end, it’s the perfect time to reflect on the year’s most significant developments in payments. This year has been pivotal for the industry, with notable strides in instant payments, regulations, and cross-border innovations capturing the spotlight.  So to round things off, we're taking a look at our most-read articles of 2024. Discover how European banks are navigating SEPA Instant, the challenges and opportunities posed by emerging technologies, and lessons learned from global markets like the US and Canada. https://lnkd.in/ecyx6qxD

2024 was a big year for payments. 2025 will be no different. But what’s on the horizon?    As the year draws to a close, our experts have compiled a list of payments trends to keep your eye on next year.    From regulations and AI to open banking and cross-border payments, discover seven of the biggest topics for 2025.👇 https://lnkd.in/gWhYwxwb

🔓Interview: How can banks unlock the power of applied AI? Our Head of Innovation, Raquel Gomes, shares her insights with Finextra’s Debi Bell-Hosking at the inaugural NextGen:AI conference.   Watch the video to learn: 🏦 The role of AI in payments modernization 🎯 The practical benefits to banks ✅ Why keeping humans in the loop is essential. https://lnkd.in/eK_Q7Qww

Big News for European Banks 🏦 Last week, the European Payments Council released five new rulebooks for banks operating in the Single European Payments Area (SEPA). While the core SEPA Rulebook remains mostly unchanged, all eyes are on the SEPA Instant Credit Transfer (SCT Inst) Rulebook. Why? It’s the first major update since 2023, introducing critical changes that could reshape instant payments in Europe. But what does this mean for you? Santhosh Kumar has distilled the key takeaways into seven essential updates you need to know. 👉 Discover the details https://lnkd.in/eCwuGtRh

Great day at NextGen: AI! ⭐️ Thank you to everyone who stopped by to connect with us today. And a big congratulations to Raquel Gomes for showcasing AnalystAccelerator.ai on the main stage. We’re excited about the role AI will play in shaping the future of payments modernization. If you are too, you can: 👉 Visit our website to learn more about how AI can help banks modernize: https://lnkd.in/eHN_hy85 👉 Catch Raquel on Finextra TV (live soon!) 👉 Watch our recorded AnalystAccelerator.ai demo (we’ll share it in the coming days)

🇬🇧🏦UK National Payments Vision: How will it impact Open Banking? Last week, HM Treasury unveiled plans for a National Payments Vision. Its mission is to drive strategic alignment with government goals, bring the ecosystem together, and ignite innovation and competition in the payments industry.   Open Banking will play a central role – but how exactly does the government plan to help? And how can banks take advantage?   In our latest article, we highlight the major changes that are shaping the future of UK Open Banking. Discover three things you need to know 👉 https://lnkd.in/eHzcxV-u

🏦 54% of banks plan to use AI to meet SEPA Instant and ISO 20022 deadlines. That’s the result of new research surveying 200 payment professionals about AI in payments. While 90% agree payment modernization is crucial, far fewer are actively leveraging AI to drive their transformation. So, how can banks unlock AI’s full potential in payments modernization? Our Head of Innovation, Raquel Gomes, explains 👇 Learn more 👉 https://lnkd.in/eh6ujf4x

What is Applied AI? (And how can we use it in payments?) 🧠🌐 Unlike General AI – which is trained on everything – Applied AI digs deep into specialized knowledge that’s hard to find online. Think: industry reports, regulations and project documentation, as well as internal knowledge from emails, chats and conversations. With Applied AI, this vast knowledge is gathered and used to solve very specific business problems. That makes it a powerful tool to help banks with payments modernization. Discover how it works in our latest article 👉 https://lnkd.in/enyV_HCx

Big news 📣🚨 Today we're launching AnalystAccelerator.ai – the first multi-agent applied AI solution designed specifically to help banks with payments modernization.    AnalystAccelerator.ai is built on knowledge from over 300 payment projects at world-leading banks and the most comprehensive library of global payments documentation.   Regulatory updates and project documentation that used to take weeks can now be completed in under a day, saving banks millions of dollars and months of work.    In trials with a tier one bank, AnalystAccelerator.ai cut task completion time from 25 days to less than 3 hours.   Its key features include:   📝 Document creation: AnalystAccelerator.ai researches, drafts and reviews essential payment documents, allowing human teams to edit and approve with ease.   🤖 Human in the loop: Each AI agent is dedicated to an analyst, learning and retaining context to support complex, continuous tasks.   🚀 Enhanced productivity: AI agents work 24/7, freeing knowledge workers to focus on strategy and critical tasks requiring human expertise.   🔗 Unified collaboration: Integrates with tools like Jira and Confluence to streamline team collaboration and improve speed and quality.   💼 Capture and retain knowledge: Build a knowledge repository from your payments experts and make it instantly accessible to your teams. Whether you're struggling with ISO 20022, SEPA Instant, RTP or FedNow, AnalystAccelerator.ai can help. You can learn more by heading to our website 👉https://lnkd.in/eHN_hy85 Check out the full press release here 👉 https://lnkd.in/e6JTfpXk