Sector Updates

Why EXANTE rejected AI to migrate its critical tests

Breaking a monolith into microservices is often treated as a simple engineering exercise. For broker EXANTE, a single migration became a full audit of...
Aon combines healthcare reinsurance and risk advisory

Aon combines healthcare reinsurance and risk advisory

Global professional services firm Aon has established a dedicated North America healthcare vertical within its Risk Capital division, bringing together its healthcare reinsurance and...
Tick-box thinking is undermining financial crime defences

Tick-box thinking is undermining financial crime defences

For many organisations, the financial crime risk assessment is still a box to be ticked. It is completed, filed and forgotten until the next...
Fragmented tax systems face a compliance reckoning

Fragmented tax systems face a compliance reckoning

Financial institutions are rethinking how they manage tax documentation and compliance as increasingly complex reporting requirements expose the weaknesses of fragmented technology stacks. For...
FINRA's AI rules expose gaps in compliance oversight

FINRA’s AI rules expose gaps in compliance oversight

Financial firms are facing a growing challenge as artificial intelligence accelerates content production, while existing regulatory requirements continue to demand human oversight and thorough...
UK financial firms face £1bn cyber bill as AI threats grow

UK financial firms face £1bn cyber bill as AI threats grow

ESET has published research suggesting that cyber incidents could be costing the UK financial services sector as much as £1.01bn a year, with surveyed...

Bir bets on branches to close Azerbaijan’s cashless gap

Birbank, a member of the Bir ecosystem, which describes itself as the Caucasus’ first fully integrated banking, payments and e-commerce group, has unveiled a...
TBC takes card-free payments to Georgian retailers

TBC takes card-free payments to Georgian retailers

TBC Georgia has introduced the country's first palm payment service, allowing shoppers to pay for purchases using a scan of their hand rather than...
Finpilot raises $10m to put AI agents to work for institutions

Finpilot raises $10m to put AI agents to work for institutions

Finpilot, an AI-native operating system built for institutional capital, has secured $10m in a Series A round as it aims to free long-term investment...
Sentra lands $150m as AI agents strain data controls

Sentra lands $150m as AI agents strain data controls

Sentra, a provider of agentic data security, has raised $150m in a strategic round led by Capital One Ventures. The deal comes as businesses...

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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