Compliance Management

The Organisation for Economic Co-operation and Development (OECD) has published a new report offering policy advice on the regulation of AI in financial services.

There's a revolution happening in the world of technology, and it's making waves in our society. AI Large Language Models (LLM), such as ChatGPT, have dramatically changed our interaction with technology, sparking both intense excitement and lingering fears of an AI uprising.

The Australian authority fighting financial crimes, money laundering and terrorism has issued an AUS$252,000 infringement notice against Compass, the foreign exchange company.

Nearly half of senior professionals within businesses feel open banking will have huge costs to store and protect data, a new study from Yolt Technology Services claims.

Four in ten banks and financial services lack necessary infrastructure for a strong data foundation and 37% of firms are still reliant on manual data processes, global data and analytics software company Quantexa revealed.

Cyber-risk management startup DynaRisk has extended its seed funding round, bringing the total funding raised to over $3m.

In the latest episode of Napier AI's podcast series, Paysafe’s former MLRO and Napier AI's data scientist delve into the integration of machine learning (ML) in combating financial crimes within the FinTech sector.

In 2023, the global regulatory landscape unveiled a startling revelation as fines imposed by authorities exceeded a colossal $10.5bn. This figure not only reflects the stringent enforcement actions but also spotlights the emerging areas of regulatory scrutiny.

Circit, audit confirmation platform, has collected €1.1m in its funding round, as the RegTech gears up for “significant expansion.”

As investment into RegTech skyrockets in 2021, RegTech Analyst has named the 100 must know companies in the sector as we head into 2022.