The rise of generative AI assistants in WealthTech
Generative AI’s acceptance into the world of wealth management is continuing at a rapid pace. Both WealthTechs and wealth/asset management firms are starting to embrace the technology with new solutions. One such solution is the generative AI assistant, with a number having launched over the past year.
How Red Oak is leveraging AI to revolutionise compliance
In an era of increasing regulatory complexity, artificial intelligence (AI) has become essential in enhancing compliance efforts, offering new capabilities for managing and automating regulatory tasks. Among the leaders in this field is Red Oak Compliance Solutions, a company that has transformed advertising and marketing review processes.
How M-Files is bringing Finnish heritage to AI
Wreathed in Finnish heritage, and inspired by a thirst for innovation and values, M-Files is a market-leader across the software development space. Founded by CEO Antti Nivala, the firm's key tenets of equality, trust and honesty shine through in their work today as they leverage automation and AI to revolutionise the workplace.
Is the ESG FinTech sector growing fast enough?
While environmental, social, and governance (ESG) have quickly become important factors in discussions about innovation, is the sector growing quickly enough in the FinTech world?
Key pitfalls firms should avoid when implementing CSRD
The Corporate Sustainability Reporting Directive (CSRD) was introduced in Europe at the beginning of the year. It replaced the Non-Financial Reporting Directive (NFRD) and bolstered the scope of reporting, with the aim of enhancing transparency and comparability of ESG data across the EU so stakeholders can easily evaluate the sustainability performance of companies.
Loss control: Underwriting’s secret weapon
In the competitive landscape of insurance underwriting, the integration of risk data is emerging as a secret weapon to enhance the performance of your underwriting team. One way this can be exploited is through the use of loss control, a risk management method aimed at decreasing the likelihood of losses occurring and minimising the impact of any that do happen. Due to the clear benefits of this, numerous key industry players are now claiming that advanced loss control practices can transform the traditional underwriting processes, reducing claims while increasing renewals and premiums.
How the incoming Labour government can support the UK FinTech market
After 14 years in opposition, the UK Labour Party this morning returned to government, defeating the Conservative Party in a landslide. How can an...
Is automated underwriting InsurTech’s silver bullet?
Often seen as an industry lambasted for a lack of change, the insurance sector has opened its eyes to a swathe of potential innovative technologies that could revolutionise the sector throughout 2024. At the height of this movement, the principle of automated underwriting emerged as the industry’s great fascination, with its potential to truly become the sector’s silver bullet.
How should RegTechs be preparing for DORA?
The DORA is a EU regulation that entered into force on 16 January 2023 and is currently set to apply as of 17 January 2025.
Qkvin Tackles Financial Crime
FinTech Global recently spoke to RegTech firm Qkvin to explore what the five major challenges financial institutions face with financial crime and how Qkvin can resolve them.