Navigating AI hype: Precision LLMs transforming risk management
In the rapidly evolving sectors of finance and governance, managing risk amidst vast, global networks of individuals and organizations is crucial. Leaders tasked with overseeing institutional risk exposure are increasingly looking towards innovative solutions to balance growth and risk management effectively.
Adapting to change: How the UK’s latest money laundering amendments impact PEPs
On January 10, 2024, a pivotal shift in the UK's regulatory framework will unfold as the Money Laundering and Terrorist Financing (Amendment) Regulations 2023 come into effect.
Why communications monitoring is currently a ‘wild west’
The current communication monitoring landscape is a ‘wild west’, and firms need to ensure their processes are nimble so they can adapt to new and evolving communication channels.
Anecdotes’ breakthrough in GRC tech attracts $25m Series B funding
Anecdotes, a pioneering force in enterprise GRC (Governance, Risk and Compliance) technology, has recently celebrated a significant financial achievement by closing a $25m Series B funding round.
SaaS backup pioneer Keepit boosts growth with $40m HSBC refinancing deal
Keepit, a Copenhagen-based leader in SaaS backup and recovery, has raised a $40m injection from HSBC Innovation Banking in collaboration with The Export and Investment Fund of Denmark (EIFO).
Firms are getting transaction reporting wrong, Novatus Advisory offers the solution to resolve this
Transaction reporting is a necessary requirement for countless regulations, and yet Novatus Advisory co-founder Matthew Ranson believes many firms are getting this process wrong, and they might not even be aware of it.
Eastern Bank innovates with new biometric metal card
Eastern Bank, based in Dhaka, Bangladesh, has released the world's first biometric metal card. This innovative card, equipped with IDEX Biometrics Mastercard certified technology, IDEX Pay, is set to revolutionize the banking experience for EBL customers from early 2024.
Tackling money mule abuse of the financial sector – no place to hide
Money laundering is the lifeblood of organised criminals – put simply, without the ability to move and convert criminal proceeds into “clean” money to fund further crime and the lavish lifestyle criminals aspire to, organised crime gangs cease to function.
From Crisis to Opportunity: How Saifr launched during Covid to revolutionise marketing compliance
When the world went into lockdown in 2020 in a bid to stop the spread of Covid-19, many companies went into a state of survival. Many were forced to furlough staff and look for loans to ensure they could weather the storm. Building a new startup might have been the last thing some would think to do during this time, but Vall Herard did just that with Saifr.
Refine Intelligence launches with $13m, introducing innovative AML solution
Refine Intelligence, a FinTech company specialising in Financial Crime Greenflagging, announced its launch, marking a significant advancement in anti-money laundering (AML) practices.
