FinTech News

The BIS Innovation Hub has found that a number of key tech developments have proven to be superior for detecting money laundering networks.

The EBA has started a public consultation to review its guidelines on money laundering and terrorist financing risk factors.

In a recent post by Alessa, the firm outlined the role of AML audits in enhancing regulatory compliance at companies. 

In the rapidly evolving world of insurance and InsurTech, the term "big data" is gaining significant traction. With implications for risk assessments, policy pricing and customer interactions, insurance industry professionals explore how it is driving innovation.

With the increasing digitalisation of the healthcare sector has escalating customers' demands for convenient access to their insurance details and policy management, integrating advanced technologies is more important than ever for health insurance providers. 

Adapting to emerging threats requires a comprehensive understanding of identification, translation, and assessment. Developing the Business Wide-Risk Assessment (BWRA) into a core part of our operations can greatly aid this process.

NomuPay, a FinTech committed to streamlining global payment processes, has secured funding to fuel its ambitious expansion plans.

The Monetary Authority of Singapore (MAS) and Google Cloud have partnered to focus on the development and use of Generative AI applications.

A group of significant insurers have publicly declared their discontinuation of membership with the Net-Zero Insurance Alliance (NZIA).

WealthArc has consistently emphasised the role of accurate data in making informed business decisions. Over the years, the company has been dedicating significant resources to optimise their data reconciliation processes. The company has released a new report that explores just how it can help firms save time through automation.