How compliance leaders can harness AI responsibly in financial services
Artificial intelligence is no longer a future prospect for financial services; it is a present reality, evolving quickly and reshaping the compliance landscape. From enhancing risk detection to improving operational efficiency, AI offers immense potential. However, its rapid adoption also brings fresh regulatory questions, new risks, and ethical challenges.
Is false positive reduction reshaping transaction monitoring?
In the rapidly evolving financial security world, transaction monitoring stands as a critical defence against fraud and illicit activity. However, the persistent challenge of...
Japan targets rising fraud with tougher bank account and SIM card rules
The Japanese government is weighing a significant crackdown on fraudulent activities involving illicit bank accounts and anonymous communication tools, following a sharp rise in...
New FCA AI testing initiative aims to fast-track safe innovation
The UK FCA is preparing to roll out a new live testing service for AI, designed to help financial firms deploy AI tools in...
Secure networking firm NetFoundry secures $12m to advance zero trust tech
NetFoundry, a secure networking provider known for its software-defined, zero-trust architecture, has raised $12m.
The investment marks the first external funding for the company and...
Palo Alto Networks expands AI security portfolio with Protect AI acquisition
Palo Alto Networks has announced the acquisition of Protect AI, a company specialising in securing AI and ML systems, particularly within enterprise environments.
The acquisition...
Why records management is now a top compliance priority for financial services
In today’s financial services landscape, records management has become a complex compliance issue that firms can no longer afford to overlook.
According to Corlytics,...
Cybersecurity firm Phosphorus secures funding from Neva Sgr to boost xIoT growth
Phosphorus Cybersecurity, a US-based leader in security and device management for the extended Internet of Things (xIoT), has secured a strategic investment from Neva Sgr, the venture capital arm of Italy’s Intesa Sanpaolo Group.
Cybersecurity platform SixMap raises $7m to boost attack surface management
SixMap, a cybersecurity company based in Berkeley, California, provides attack surface management solutions to major government and enterprise clients.
Tax compliance in FinTech: Balancing user experience and regulatory requirements
Collecting accurate tax documentation—especially taxpayer identification numbers (TINs) via Forms W-8 or W-9—is one of the biggest compliance challenges financial institutions and digital platforms...