Risk Management

The Bank for International Settlements (BIS) has published a paper underlining the challenges caused by rapid Big Tech growth in the financial services sector.

The Monetary Authority of Singapore (MAS) has revealed it has been working with legal and industry partners to develop a platform to help banks securely share information.

The InsurTech industry might evolve to become more personalised to the individual consumer post-pandemic, according to Direct Line CTO Sarah Greasley.

A survey has found a majority of IT security professionals believe remote workers face bigger security risks due to being isolated from their companies’ security teams.

A recent whitepaper by Celent has provided financial institutions (FIs) with tips on how to bolster their adverse media screening coverage to combat financial crime.

Cyberattacks are an ever-increasing threat in the FinTech world and cybersecurity has become a top priority for most large businesses. However, SMEs mistakenly believe in the myth that their risk is low, therefore becoming a prime target for cybercriminals.

The European Banking Authority (EBA) has issued a consultation on the role, tasks and responsibilities of anti-money laundering and counter-terrorism financing officers.

Transformative risk and compliance solution developer LogicGate has raised $113m in its Series C funding round.

NYC and Tel Aviv, Israel-based online integrity company specializing in detecting malicious content such as hate speech, targeted disinformation campaigns, fraud, and other harmful activities online and offline ActiveFence has emerged out of stealth with $100m in funding.

As the pandemic rages on, crime and money laundering risks continue to evolve at a rapid pace in the commercial lending space. However, firms can mitigate these risks by applying advanced technologies and using a data-driven approach.