Bank of England highlights AI’s potential threats to financial stability
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.
Why transitioning from legacy call systems is crucial for compliance
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.
FCA boosts UK FinTech with new sandbox enhancements and AI initiatives
The FCA has announced an array of initiatives aimed at bolstering innovation and streamlining the regulatory process for emerging firms.
Lithuania imposes largest fine on Revolut for compliance failure
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 launches RegPlatform Intel to transform mid-market regulatory intelligence
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.
First AML, Know Your Customer join forces to streamline global KYB compliance
First AML, a provider of an all-in-one anti-money laundering (AML) platform, has entered a strategic partnership with Know Your Customer.
How digital asset romance scams are exploiting online daters and investors
The rise of digital assets and online dating has opened the door to a new scam exploiting both emotional vulnerability and digital inexperience. Scammers...
DNSFilter acquires Zorus to boost endpoint filtering and MSP threat protection
DNSFilter, a cybersecurity company specialising in AI-powered DNS-layer threat and content filtering, has acquired Zorus in a move aimed at enhancing protection across network...
Impersonation scams cost Americans $3bn despite new protection
In a stark reminder of the pervasive threat of financial scams, Americans reported losses amounting to $3bn due to impersonation scams in 2024, despite new regulatory measures aimed at curbing such fraudulent activities.
The critical role of financial institutions in detecting human trafficking
Human trafficking is a lucrative industry, generating an estimated $150bn annually. This staggering amount circulates through global financial systems, touching banks, payment platforms, and numerous supply chains.
