Sector Updates

Can banks explain every AI agent action to the FCA?

Can banks explain every AI agent action to the FCA?

Third-party AI agents are knocking on the doors of customer bank accounts just as regulators begin using AI to scrutinise the banks themselves. That...
Copla targets CRA readiness gap before 2027 sales ban

Copla targets CRA readiness gap before 2027 sales ban

Copla, a compliance platform provider, has launched a dedicated Cyber Resilience Act (CRA) framework as companies selling digital products in the EU face a...
Lazarus AI raises $43m as firms fight for control of AI

Lazarus AI raises $43m as firms fight for control of AI

Lazarus AI, a provider of production AI for heavily regulated organisations, has secured $43m in fresh funding to scale a platform designed to let...
Embat and J.P. Morgan to slash bank onboarding times

Embat and J.P. Morgan to slash bank onboarding times

AI-powered treasury and cash management provider Embat has integrated J.P. Morgan Payments’ newly launched Banking Authorisation Service (BAS) API into its platform, allowing shared...
FCA pulls ESG rating providers into UK regulatory net

FCA pulls ESG rating providers into UK regulatory net

ESG rating providers operating in the UK face a new compliance reality, as the FCA has finalised rules that place these firms under its...
BRI Wealth cuts report times by 75% with Aveni AI

BRI Wealth cuts report times by 75% with Aveni AI

BRI Wealth Management has reached close to full active usage of Aveni Assist among its advice, paraplanning and administration staff, with suitability report turnaround...
Targa Telematics targets global growth with new InsurTech hire

Targa Telematics targets global growth with new InsurTech hire

European AIoT specialist Targa Telematics has appointed Marco Amendolagine as head of business development insurance, as the company looks to strengthen its position in...
Paymentology backs AI-powered SME spend management platform

Paymentology backs AI-powered SME spend management platform

Global issuer processor Paymentology has partnered with South African technology firm Byte Orbit to launch Paystashio, an AI-powered spend management platform designed to help...
Agentic fraud risk grows as consumer trust in AI lags

Agentic fraud risk grows as consumer trust in AI lags

SEON, the fraud prevention and AML compliance platform, has published new research suggesting that while US consumers are quickly folding AI agents into daily...
Why Nanoinsure is betting on a coreless future for InsurTech

Why Nanoinsure is betting on a coreless future for InsurTech

Founded in 2019, Hong Kong-based Nanoinsure claims to be redefining the future of insurance through a vision of a composable, API-first ecosystem. The company...

News Stories

Emirates NBD brings AI market insights into digital wealth

Emirates NBD brings AI market insights into digital wealth

Emirates NBD, a banking group operating across the Middle East, North Africa, Türkiye and South Asia, has partnered with Bridgewise, an embedded investment AI...
Is business verification failing to keep pace with financial crime?

Is business verification failing to keep pace with financial crime?

Business verification has become an increasingly important line of defence against financial crime, yet the complexity of modern corporate structures is exposing weaknesses in...
Banks face tougher data scrutiny as APAC reporting rules evolve

Banks face tougher data scrutiny as APAC reporting rules evolve

Submitting the correct reporting template on time is no longer enough to satisfy regulators. Across Asia-Pacific (APAC), supervisors are demanding more detailed data, greater...
Banks face growing fraud risks as criminal tactics converge

Banks face growing fraud risks as criminal tactics converge

Banking fraud is becoming harder to detect as criminals combine identity theft, payment manipulation and increasingly sophisticated digital attacks. Banking fraud is no longer limited...
Financial crime risk assessments have outgrown spreadsheets

Financial crime risk assessments have outgrown spreadsheets

For years, spreadsheets have been the default tool for financial crime risk assessments. They were familiar, flexible and easy to adapt, and for a...

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