Risk Management

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 Financial Conduct Authority (FCA) has recently demonstrated their commitment to holding reluctant firms accountable in a speech titled 'Doing the right thing'.

The shocking MOVEit data breach has left global businesses reeling and exposed the hard truth of our digital era - cyber threats are an inescapable reality. The enormity of the breach's impact, and the sensitive nature of the data now in the hands of hackers, has served as a sobering reminder of the catastrophic implications of cyber attacks and the spiralling chaos they can induce in the corporate world.

In the high-speed and complex financial landscape we find ourselves in today, one of the most significant hurdles to overcome is the ever-present threat...

Once relegated to the background, supply chain management has now made its way into the heart of corporate board discussions. So what exactly are the supply chain concerns that can command board-level attention and how can these be effectively addressed? RegTech giant Moody's Analytics has undertaken the challenge to answer this. 

In a significant move underscoring its commitment to fight market manipulation, the Commodity Futures Trading Commission (CFTC) imposed a fine of $45m on a top-tier bank in May 2023. Eventus, a multi-asset class trade surveillance, algo monitoring and risk controls solutions provider, has explored what firms can do to avoid a similar incident. 

Prewave, a supply chain risk management and compliance platform, has secured €18m in a Series A+ funding round led by European venture capital firm Creandum.

Fairly AI, which has built an oversight and risk management platform for AI, has reportedly raised $1.7m in fresh funding.

Sigma Ratings, an automated relationship risk management firm, has continued its leadership shakeup with the appointment of Randal Skipper as its chief revenue officer.

Customer risk assessment is where the company assess which type of risk a potential customer poses, whether they are existing or new clients.