How entity verification shapes AI deployment in risk management
Moody's has unveiled findings in their recent study, indicating that Entity Verification is crucial for improving AI accuracy in risk and compliance sectors.
June’s spike in impersonation scams costs Singaporeans $10.6m
In June, Singapore witnessed a significant rise in impersonation scams, with fraudsters swindling $10.6m from 63 victims.
Meta agrees to record $1.4bn settlement in Texas privacy case
Meta has consented to a $1.4bn settlement with Texas, marking the largest settlement secured by a single state for privacy violations.
Hawk bags investment from Macquarie to boost AI anti-financial crime tech
Hawk, an AI-powered technology for fraud prevention and AML firm, has announced an expansion of its Series B financing round.
Strengthening supply chain scrutiny under Australia’s new slavery laws
Modern slavery continues to deeply impact economies worldwide. A 2024 report by the International Labour Organization highlights a disturbing increase in profits from forced labour, which now total an estimated $236bn annually—a 37% jump since 2014.
Lineaje secures $20m to boost software supply chain security
Lineaje, a software supply chain management firm, has secured a $20 million investment to elevate its artificial intelligence functionalities and bolster security.
GRI and TNFD release resource for enhanced biodiversity disclosure
The GRI and the TNFD have introduced a new resource aimed at harmonizing biodiversity reporting standards globally.
Cybersecurity innovator Clutch Security nets $8.5m in funding led by Lightspeed
Clutch Security, a Tel Aviv-based cybersecurity firm, has successfully secured $8.5m in seed funding.
Credo AI raises €19.4m for advancing AI safety and compliance
Credo AI, a pioneering firm in AI governance software, has successfully secured a €19.4m investment.
FCA aims to streamline financial regulations to boost UK economy
The FCA has initiated a comprehensive review to simplify the regulatory framework governing the UK's financial services.
