Industry News

Talk of artificial intelligence was once an exciting prospect. The idea of bringing a hallmark of sci-fi fantasies into the real world sparked a lot of enthusiasm. While systems might not quite be on the same level as HAL from 2001: A Space Odyssey, the technology has brought a lot of changes to how businesses operate.

Fantix, a NYC-based privacy safe AI model development startup, has successfully raised $1.6m in its maiden funding round.

Fractal, an infrastructure provider enabling institutions to clear, settle and margin digital assets on-chain, has scored $6m.

In September 2023, the Financial Conduct Authority (FCA) provided fresh guidance about how to treat Politically Exposed Persons (PEPs). In response to this, businesses under regulation might find it beneficial to revisit their existing PEPs screening systems. This not only ensures alignment with the new directive but also makes certain that the screening process remains both effective and efficient.

HDI Seguros Colombia, a trailblazer in the insurance sector in Colombia, known for quality service and innovative technological products, and Akur8, a machine learning-powered insurance pricing solution, have announced a partnership to enhance HDI's pricing process in the Colombian market.

The IFRS Foundation, in conjunction with the EFRAG, has released guidance aimed at facilitating the adoption of sustainability reporting.

Over a third (38%) of firms have limited knowledge of the FCA’s new Consumer Duty, with many turning to technology and data to solve their woes.

The latest report by global investment manager Schroders unveils a decisive turn in the realm of sustainable investing.

As the risk landscape continues to grow in complexity, it can be hard to implement the best management processes. Diligent has outlined ten best practices for third-party risk management.

TMF Group, a frontrunner in the provision of compliance and administrative services, has unveiled its latest offering to the business world.