Tag: risk management 2023

Leveraging global media for a more proactive stance on risk is the future of financial crime prevention. Traditional methods often involve manual searches across various applications to identify potential threats in customer and counterparty relationships. While this may have been the standard practice in the past, advancements in technology are reshaping the landscape.

Chubb, recognised as the world's largest publicly traded property & casualty insurance firm, has entered into a strategic partnership with SentinelOne, an established leader...

The world of global finance comes with its share of dangers. From the looming shadows of money laundering to the menace of terrorist financing, safeguarding transactions is not just prudent, it's mandatory. This brings Enhanced Due Diligence (EDD) into the limelight.

Comprehending and deconstructing compliance obligations is the initial phase of a systematic Know Your Obligations (KYO) strategy. The primary goal here is to identify the main areas where attention should be centred. To put it simply, the central question becomes: What should we be monitoring?

InsurTech company KYND recently released a report exploring whether external or internal vulnerability scanning is more useful to assess a company's cyber posture. 

The ongoing AI revolution is indisputably transforming risk management and customer identification processes (KYC), even though human input remains pivotal to these functions.

Sigma, recently ranked in the AIFinTech100 for 2023, is driving innovation with AI to offer robust and scalable risk management solutions. Their unique use of AI technologies makes the platform indispensable for current and prospective clients.

CapStack, the integrated operating system for banks, has officially stepped out of stealth mode, amassing $6m in pre-seed funding.

Since 2018, Theta Lake, has formed a strong partnership with Zoom, one of the world's leading video conferencing platforms.

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.