Deutsche Bank faces $186m penalty over AML failures
Deutsche Bank has been hit with a fine of $186m by the Federal Reserve Board due to deficient AML practices and other violations.
Unravelling the power of data analytics for effective claims handling
In a recent post by Cognitive View, the company provided complaint insights to reduce claims disputes and compliance issues.
Ascent and Diligent team to streamline regulatory compliance in FinTech sector
Ascent, a solution aimed at simplifying and streamlining regulatory compliance, has entered into a strategic partnership with Diligent.
Biden-Harris administration initiates cybersecurity labelling for smart devices
The Biden-Harris administration is setting the stage for the enhancement of cybersecurity for smart devices.
Cloud security startup PingSafe emerges with $3.3m in seed funding
PingSafe, a cyber firm offering an intelligent cloud-native application protection platform (CNAPP), announced its public launch today.
Encompass unveils whitepaper to guide banks towards pKYC transformation
Encompass Corporation has released a whitepaper that details how banks can accelerate digital transformation by moving towards a pKYC operating model.
CRIF, Know Your Customer ally with PAOB to redefine digital onboarding for SMEs
CRIF has teamed up with Know Your Customer to announce a partnership with Ping An OneConnect Bank (PAOB), a digital banking pioneer in Hong Kong.
Unveiling FinTech innovation through the lens of Aiviq’s Pavan Cherlapelly
In the ever-evolving realm of technology and data solutions, Aiviq's Head of Technology, Pavan Cherlapelly recently offered an insight into the technology that should be on the radar of every asset manager.
Carbon data provider Sylvera harnesses $57m to fuel US expansion
London's carbon data firm, Sylvera, has procured a significant $57m in a recent Series B funding round.
Large language models in FinTech: A boon or bane for compliance officers
The technological revolution is making the job of compliance officers increasingly intricate. From record-keeping to monitoring approved communication channels and adapting to the ever-changing world of social media advertising, the list of challenges seems endless. A burning question for many is the potential influence of large language models (LLMs) on their profession. Will LLMs simplify their tasks or add complexity?
