Bank of England reports major AI growth in financial sector
The latest research conducted by the Bank of England and the Financial Conduct Authority (FCA) highlights a significant leap in the adoption of AI within the UK Financial Services sector.
Five compelling reasons to transition from legacy to modern IT systems
As businesses grow, they often accumulate an array of IT systems that, while useful in the past, now pose serious risks and inefficiencies.
How customer type and geography define AML risks in business
Customer classification plays a pivotal role in the AML strategies of businesses, especially within banking, finance, and gaming sectors.
According to Alessa, customer-type ratings...
Regulatory pressure intensifies for digital banks amid rising scrutiny
Amid the rapid evolution of banking, digital-first banks like Starling and Metro Bank are facing increased regulatory scrutiny, particularly around AML controls.
Global CyberTech market set for 45% drop in deal activity for 2024 as investors...
Key CyberTech investment stats in Q3 2024:
Global CyberTech deal activity dropped by 26% YoY
Global CyberTech deal activity projected to drop by 45%...
Navigating new frontiers in tax compliance with AI technology
On November 14th, TAINA's Tax SME, Sean Sutton, took part in a dynamic panel discussion organized by the Investment Industry Association of Canada (IIAC).
Salv unveils Collaborative Scenario Library to enhance AML transaction monitoring
Salv has recently introduced its Collaborative Scenario Library, a pioneering tool designed to enhance the effectiveness of AML teams.
RegTech industry eyes robust growth and new opportunities in healthcare and telecom
The RegTech Association (RTA) has unveiled its annual Industry Perspectives Report, delineating the accelerating maturity and expansion of the RegTech sector into new verticals such as healthcare and telecommunications.
Microsoft’s industry-specific AI models set to revolutionise regulatory compliance
Microsoft has unveiled new AI models tailored specifically for different industries, promising to redefine how businesses handle operational challenges.
StarCompliance expands digital assets capabilities with Aer Compliance deal
StarCompliance (Star), a leader in employee compliance technology solutions, has acquired Aer Compliance, a specialist in digital asset trading pre-clearance and post-trade monitoring.
