Tag: financial institutions

Bud Financial, described as a leading data intelligence platform, today announced its connection to Akoya, a prominent figure in the burgeoning U.S. open banking ecosystem.

In the rapidly evolving mortgage industry, technology plays a crucial role in enhancing efficiency, streamlining operations, and improving client experiences. Mortgage software has become a...

Lucinity, an emerging firm in FinTech, has launched its latest product, a generative AI copilot plugin, at Money2020 Europe.

In financial crime compliance, regulators have set expectations for financial institutions to conduct thorough assessments of name screening alerts.

Is your financial institution overlooking its greatest asset? In today’s competitive market, many companies undervalue the role of compliance.

SaaS adoption in the financial and insurance services sectors is projected to grow significantly, reaching more than $130bn by 2027, up from $54bn in 2022.

As technology evolves, so does the network of bad actors who take advantage of it for illicit gains, leaving governments scrambling to modernise the way they regulate criminal activity.

Money laundering is the process of disguising the proceeds of criminal activity as legitimate funds in an effort to conceal their illicit origin.

Know Your Business (KYB) is a crucial process for verifying business entities during the onboarding phase, aimed at understanding risk factors, financial health, creditworthiness, and beneficial ownership.

The financial services industry is undergoing a transformation driven by artificial intelligence (AI) technologies, particularly machine learning (ML). These advancements are significantly enhancing anti-money laundering (AML), counter-financing of terrorism (CFT), and sanctions screening as part of customer lifecycle management (CLM).