RegTech

The Chinese authorities levied a hefty fine of $984m on Ant Group for breaching consumer protection and corporate governance laws, according to a report from Reuters.

1Kosmos, an innovator in unifying identity proofing and passwordless authentication, today announces the launch of its distributed identity cloud service, BlockID, on NayaOne, a principal FinTech ecosystem platform serving financial service providers.

HSBC UK, an established banking institution, is investing £5m in Glasswall, a London-based cybersecurity firm with a second headquarters in the US.

As we move deeper into 2023, AI breakthroughs are dominating the global business landscape. The capabilities of generative systems and large language models have gripped the public's attention, with companies across various sectors investing heavily in these AI-centric technologies. However, the success of these investments heavily relies on the quality of data used to train these systems and the in-house expertise of the organisations implementing them.

The constant evolution and intricacy of today's risk environment demand robust financial crime risk management tools. As financial crime threats and risks continuously evolve, an Enterprise-Wide Risk Assessment (EWRA) has become essential for regulated businesses.

The FinTech landscape is increasingly gravitating towards perpetual know your customer (KYC) protocols. As part of this evolution, the operational pillars are rapidly transforming. Graham Bailey, COO of Quantifind, and Brian Kindle, VP of product development at ACFCS, shed light on this shifting terrain in a new podcast on the foundational elements of perpetual KYC.

Lemonway, a pan-European payment service provider, and Onfido, a global leader in automated identity verification, have reported immediate results from their joint initiative, confirming significant growth in customer acquisition.

There's a revolution happening in the world of technology, and it's making waves in our society. AI Large Language Models (LLM), such as ChatGPT, have dramatically changed our interaction with technology, sparking both intense excitement and lingering fears of an AI uprising.

Quantifind, a premier provider of AI-driven risk intelligence automation for leading organisations globally, is delighted to announce its strategic partnership with Opoint, a world-renowned leader in news data collection and analysis.

Corlytics, a leader in intelligent regulations and regulatory data, and Clausematch, a renowned policy management and compliance software firm, have announced a strategic partnership.