Harnessing AI for compliant communication ahead of FCA’s Consumer Duty
The UK's Financial Conduct Authority (FCA) recently released a ten-point checklist for companies in anticipation of the new Consumer Duty regulation set to be enforced on July 31, 2023. This regulation marks a pivotal shift in the regulatory landscape, impacting both new and existing services and products available for sale or renewal.
Operationalising ethical AI: The strategic drive of the DIU
In a strategic move, the Defense Innovation Unit (DIU), an organisation established to foster the incorporation of commercial technology within the Department of Defense...
Quantifind and Opoint collaborate for enhanced global news data analytics
Quantifind, a premier provider of AI-driven risk intelligence automation for leading organisations globally, is delighted to announce its strategic partnership with Opoint, a world-renowned leader in news data collection and analysis.
Resistant AI: Unveiling financial crime with sophisticated technology
The ACAMS Annual AML & Anti-Financial Crime Conference in Hollywood, Florida, is a high-profile event in the anti-money laundering sector, serving as an annual...
MiCA: The new regulatory benchmark for crypto assets in the European Union
The world of digital currencies and assets has seen an explosive growth, prompting both opportunities and challenges for regulatory authorities. Eventus, a multi-asset class trade surveillance, market risk and transaction monitoring solutions provider, recently explained what firms need to know about MiCA.
Transforming finance with dynamic risk assessments
Unlocking the potential for commercial success, dynamic financial crime risk assessments offer a multitude of benefits for financial institutions. Acuminor, a RegTech company explained that these benefits serve to bolster the financial health, stability, and long-term growth of these institutions.
Reg BI and Off-Channel Communications: Key Takeaways from the FINRA Annual Conference
Allison Lagosh, Compliance Advisor and Director for Saifr®, recently shared her experience and observations from the FINRA Annual Conference. The annual conference serves as an insightful platform to discuss future-focused themes in the FinTech industry, offering an opportunity to leave behind the daily grind and delve into the industry's key issues.
Avalara’s new ChatGPT plugin revolutionises sales tax calculation
Avalara, Inc., headquartered in Seattle, is a global innovator in tax compliance automation for businesses of varying sizes. Today, Avalara disclosed the integration of its trailblazing plugin with ChatGPT, a first of its kind endeavour by a tax compliance software provider.
Revolutionising Compliance Efficiency with Hawk AI
A familiar predicament haunts the global payments landscape: can financial institutions outgrow their compliance issues without stretching resources to the breaking point? Scaling staff often means soaring costs and growing complexity. RegTech company Hawk AI has outlined how it helped an payment processor improve their operations.
Steering third-party risks in banking: Final guidance by regulatory agencies explained
Final guidelines aimed at bolstering third-party risk management in banking organisations have been issued by a cohort of federal bank regulatory agencies. This initiative is designed to help such institutions better navigate the risks arising from relationships with third-party entities, with a particular emphasis on financial technology, or FinTech, enterprises.