As financial institutions turn to AI to automate compliance, a key question arises: do we truly understand these systems’ decisions? The black-box nature of many models challenges transparency and trust. Explainable AI could change that, offering clarity around how algorithms […]
The UK government’s push for a digital identity system has sparked a predictable split: tech optimists see streamlined services and reduced fraud, while privacy advocates envision an Orwellian surveillance state. But beyond the usual battle lines lies a more nuanced […]
As AI reshapes financial services, a paradox is emerging.RegTech, built to manage regulatory compliance, now struggles to regulate AI itself. The tools designed to ensure oversight are falling behind the very technology they’re meant to monitor. AI models driving credit […]
As financial services evolve amid digital transformation and stringent regulatory demands, embedded compliance emerges as a pivotal strategy, weaving regulatory adherence directly into the fabric of business processes and technologies. By automating compliance within apps, platforms, and transactions, it aims […]
Founded in 2015, AscentAI was originally created by regulatory compliance experts and practitioners who saw the pace and scale of regulatory evolution and complexity multiplying, and believed that traditional manual processes were unsustainable in an age of digital evolution. Chris […]
In the fast-paced realm of financial services, where innovation clashes with ever-tightening regulations, embedded compliance is gaining traction as a seamless integration of regulatory checks into core operations. This approach leverages technology to automate and embed compliance directly into products, […]
FrankieOne has entered into a partnership with Daon, a US-based biometric identity solutions provider with extensive expertise in fraud prevention. The collaboration comes as deepfakes, synthetic identities, and AI-powered spoofing attacks intensify worldwide, creating challenges for financial institutions, FinTechs, and regulators. […]
The U.S. Treasury Department has signalled sweeping changes to the country’s anti-money laundering and counter-terrorist financing (AML/CFT) regime, with a vision designed to prioritise outcomes and embrace technology. The announcement came during the Association of Certified Anti-Money Laundering Specialists (ACAMS) […]
Zania, an agentic AI company focused on governance, risk, and compliance, has completed an $18m Series A funding round. The oversubscribed round was led by New Enterprise Associates (NEA), with participation from Anthology Fund — backed by Menlo Ventures and […]
It is easy to get swept up in the power of AI and believe its word is gospel. The technology has quickly evolved into a powerful tool that can efficiently automate various workflows, appearing seemingly perfect. However, while it might […]
