Deal Updates

Responsible AI encompasses the ethical development and application of artificial intelligence, prioritizing transparency, fairness, and legality across its operations. For the financial sector, this means deploying AI technologies that are not only efficient but also equitable and devoid of biases, ensuring that individual rights are respected throughout their lifecycle.

The Financial Crimes Enforcement Network (FinCEN) has recently issued a pivotal final rule that mandates registered investment advisers (RIAs) and exempt reporting advisers (ERAs)...

Coalition, the world’s first Active Insurance provider, has launched its new Coalition Active Cyber Policy, a redesigned surplus lines cyber insurance offering for the U.S. market.

Red Oak Compliance, a leading provider of advertising compliance and marketing review software, has acquired 4U Platform, a content distribution, engagement, and analytics provider for the investment industry.

Qevlar AI, a trailblazer in the cybersecurity sector, has announced a significant capital infusion of $14m to expand its innovative approach to SOCs. The funding...

As the Bank of England's Financial Policy Committee scrutinizes the integration of advanced AI technologies in trading and investment activities, it has raised concerns about the stability of the financial system.

In the current regulatory environment, sectors such as finance, insurance, healthcare, and legal are under intense pressure to uphold stringent communication governance, record-keeping, and data security standards.  

The FCA has announced an array of initiatives aimed at bolstering innovation and streamlining the regulatory process for emerging firms.

Revolut, the London-headquartered FinTech giant, has been fined €3.5m by Lithuania's central bank for deficiencies in its anti-money laundering (AML) controls. This penalty marks the largest ever imposed by the Lithuanian regulatory authority.

CUBE has announced the launch of RegPlatform Intel, a new purpose-built product designed specifically to meet the regulatory needs of financial services firms in the mid-market.