Nationwide bets on UK-built AI model for compliance
Nationwide Building Society, the UK's largest building society and an existing investor in Aveni, has become the first organisation to deploy FinLLM outside of...
Union Investment bets on Fenergo ahead of EU AMLR deadline
Union Investment has selected Fenergo to lead a company-wide transformation of its client onboarding and KYC operations ahead of incoming EU regulatory requirements.
The initiative...
NewCore raises $66m to secure AI agent identities
NewCore, a security-first identity platform built for enterprises managing humans, machines and AI agents, has emerged from stealth mode with $66m in funding to...
DNB picks NICE Actimize to overhaul fraud defences
DNB Bank ASA, Norway's largest financial services group, has selected the NICE Actimize X-Sight Enterprise platform, an AI-powered cloud solution for fraud and financial...
Waniwani raises $8m to power AI financial distribution
Waniwani, a San Francisco-based revenue and compliance infrastructure provider for AI-driven financial services distribution, has closed an $8m seed funding round.
The round was led...
Verification of Payee: the risk of banks opting out
European banks are running out of time to comply with incoming Verification of Payee (VoP) rules, and those considering opt-outs may be taking on...
Inside the FCA sandbox changing AML detection
The long-held belief that regulation and innovation are fundamentally at odds is losing credibility and the Financial Conduct Authority (FCA) may be the clearest...
The MLRO’s guide to breaking down FCRA resistance
Every money laundering reporting officer (MLRO) knows the pattern. A request goes out for financial crime risk assessment (FCRA) input. The business goes quiet....
Canada’s new financial crimes agency changes the game
Canada is overhauling the way it fights financial crime. For years, the country's enforcement framework has been spread thinly across federal agencies and provincial...
The hidden control gaps in MiFIR transaction reporting
Transaction reporting under MiFIR was never designed to be a box-ticking exercise. Its purpose has always been to support the detection and investigation of...
