Revolutionising risk and compliance: How large language models combat financial crimes
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.
Addressing financial crime with risk management
The Financial Conduct Authority (FCA) has recently demonstrated their commitment to holding reluctant firms accountable in a speech titled 'Doing the right thing'.
Unpacking the MOVEit data breach: why cyber risk management is non-negotiable
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.
Using financial crime risk assessment as a strategic tool for business growth
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...
Navigating the storm: How supply chain risks are shaping board agendas
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.
How spoofing impacts the US dollar swaps market
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 secures €18m Series A+ to revolutionise supply chain risk management
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 nets $1.7m for risk management platform for AI
Fairly AI, which has built an oversight and risk management platform for AI, has reportedly raised $1.7m in fresh funding.
RegTech company Sigma Ratings names Randal Skipper as SVP of sales
Sigma Ratings, an automated relationship risk management firm, has continued its leadership shakeup with the appointment of Randal Skipper as its chief revenue officer.
The hallmarks of a strong customer risk assessment process
Customer risk assessment is where the company assess which type of risk a potential customer poses, whether they are existing or new clients.