Tag: GDPR

Regulatory landscapes are evolving, and with them, the risks associated with financial crime are becoming more complex.

The intersection of cybersecurity and financial crime has emerged as a pivotal area of concern for both regulators and businesses globally. According to Arctic Intelligence,...

In 2025, Know Your Customer (KYC) solutions will become essential for financial institutions looking to enhance their anti-money laundering (AML) frameworks. With increasing regulatory scrutiny, sophisticated financial crimes, and growing customer expectations for seamless onboarding, the sector is witnessing a shift towards decentralised identity (DCI) and perpetual KYC (pKYC). T

The implementation of the 6AMLD on June 3, 2021, marked a significant escalation in the accountability of financial institutions across European Member States.

In the past decade, digital ID verification has become essential, offering a secure and seamless way to authenticate individuals online.

IDV is critical in confirming that a person's claimed identity corresponds with their actual identity. It typically involves checking government-issued documents like passports or...

In the current geopolitical climate, the regulatory landscapes in the EU and US are increasingly focused on the management of communication data and record-keeping.

The FBI has recently highlighted an alarming trend: cybercriminals are increasingly employing AI to conduct their nefarious activities. According to an FBI public service...

Money laundering activities in the United States alone are estimated to total $300bn annually. In 2023, penalties for anti-money laundering (AML) violations in the U.S. exceeded $5bn—a 69% rise from the previous year. These figures underline the urgent need for a more effective approach to combatting financial crime.

The RegTech sector has gained significant traction in the financial industry over the past few years, with global adoption accelerating. According to market projections, the RegTech market is expected to hit $25.19bn by 2028, driven by financial institutions’ need to navigate mounting regulatory pressures.