How Consilient’s federated AML/CFT model is transforming bank compliance
Traditional AML systems are proving inadequate, struggling to keep pace with the evolving sophistication of financial crime.
Leveraging LLMs for enhanced risk management in FinTech
In the realm of risk management, the capabilities of humans are inherently limited. Even the most skilled professionals in the field face significant challenges in keeping pace with the escalating volume of data, diverse data formats, and rapidly evolving regulatory landscapes.
UK government to foster financial services growth with new strategy
The UK's financial services sector is poised to become a cornerstone of the new Financial Services Growth and Competitiveness Strategy, as announced by the Chancellor of the Exchequer, Rachel Reeves.
Leveraging data to fight forced labor and organised crime in global supply chains
Forced labor continues to be a major global issue, affecting nearly 28m people and generating approximately $236bn in illegal profits annually, according to the International Labour Organization (ILO).
Spikerz raises $7m to enhance AI-powered social media security solutions
Spikerz, a cybersecurity company focused on protecting businesses and individuals from social media threats, has raised $7m in funding.
TENEX launches AI-driven cybersecurity services to revolutionise security operations
TENEX.AI, an AI-native cybersecurity company, has officially launched with the aim of revolutionising enterprise security.
U.S. Federal Reserve parts ways with global climate finance coalition
The U.S. Federal Reserve has officially announced its withdrawal from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), a...
Equifax ordered to pay $15m over credit reporting failures
The CFPB has mandated a significant penalty on Equifax, fining the consumer reporting giant $15m for failing to adequately investigate consumer disputes regarding credit report inaccuracies.
From AI to ESG: Emerging dynamics in financial crime compliance for 2025
The landscape of financial crime risk assessment is poised for a transformative shift as we approach 2025 and beyond, driven by advancements in technology and changes in regulatory environments.
How new IDV laws will transform UK corporate governance
In a pivotal move towards enhancing corporate governance, Companies House is set to introduce new identity verification (IDV) requirements by 2025.
