Revolutionising risk and compliance: How large language models combat financial crimes
There's a revolution happening in the world of technology, and it's making waves in our society. AI Large Language Models (LLM), such as ChatGPT, have dramatically changed our interaction with technology, sparking both intense excitement and lingering fears of an AI uprising.
Bridging the trust gap in FinTech: The rise of digital advice platforms
The EU Retail Investment Strategy has launched an exciting prospect for clients to be at the centre of the European Capital Markets Union, bringing forth the dawn of the digital advice era. This innovation stands to democratise financial advice, making it accessible to a wider audience while recognising the human emotions associated with investing.
Understanding and mitigating money laundering and terrorism financing risks in your firm
RegTech firm Arctic Intelligence recently provided a guide to understanding and mitigating money laundering and terrorism financing risks.
Altamont bolsters new reinsurance broker Augment with $100m funding
Augment, a newly launched reinsurance broker, has recently made waves with an inaugural investment of $100m.
OakNorth pioneers climate risk analysis tool for commercial banks till 2050
OakNorth, the renowned SaaS partner for commercial banks, has announced a substantial upgrade to its ON Climate application.
Wolters Kluwer boosts audit solution TeamMate+ with new ESG standards
Wolters Kluwer has integrated ESG standards into its Corporate Performance & ESG solution, a part of its cloud-based TeamMate+.
Shaping the future of specialty pricing: The power of data and analytics
Specialty insurance classes pose some of the most intricate pricing challenges in the insurance industry. Their rapidly evolving dynamics, coupled with their long-term nature, demand prices capable of standing the test of time. Gathering sufficient data for these specialty lines often proves difficult due to the nascent stage of many of these books and the inherent complexities in data collection.
How biometric security and mobiles are shaping the future of card payments
As digital wallets and alternate payment systems steal the limelight, we delve into the potent partnership between mobile phones and payment cards. Together, they promise greater speed, convenience, and security, transforming how we make payments.
FCA unveils new Consumer Duty plan to boost savings interest rates
The FCA has unveiled actions under the Consumer Duty rules, outlining a 14-point plan aimed at enhancing cash savings interest rates.
USA dominates this week’s 22 FinTech funding rounds
USA dominated this week's FinTech funding rounds, with 15 of the 22 rounds, totalling