Surging large fines for organisations signal regulators’ changing approach
A recent report from Moody's Analytics Grid has shed light on the changing landscape of regulatory fines across the globe, showing a dramatic increase in large fines for organisations in the past year.
From handcrafted features to autonomous AI: The remarkable evolution of artificial intelligence
In a recent post by RegTech firm Saifr, the company detailed the fast rise of AI and some of the technologies involved in it.
API security leader Curity attracts investment from Danish fund
Curity, a Stockholm-based cybersecurity company, has announced a sizeable investment, but did not disclose its size.
How to harness AI and machine learning and in the fight against money laundering
The global financial world faces an enduring challenge - money laundering. Long dominated by traditional, manual methods, this is now changing.
Singapore’s MAS gets green light to build financial crime framework
The Monetary Authority of Singapore (MAS) has secured approval to develop a legislative framework that lets banks share customer information.
Quantexa teams up with ING to strengthen anti-money laundering efforts
Global bank ING and data analytics software company Quantexa have announced a strategic partnership.
DPA issues Clearview AI with €5.7m fine due to order noncompliance
France’s data protection authority (DPA) has issued facial recognition firm Clearview AI with a €5.7m fine.
Mastercard integrates Vesta to enhance fraud protection for e-commerce
Mastercard, a renowned multinational financial services corporation, is enhancing its fraud protection for eCommerce merchants by integrating Vesta Solutions, an industry leader in payment fraud protection, into Mastercard's Payment Gateway Services (MPGS).
Theta Lake integrates with Asana to streamline workflows
Theta Lake now supports Asana to help joint customers streamline their workflows and manage tasks more effectively.
Cable secures $11m for financial crime control automation
Cable, the purveyor of an integrated platform for effectiveness testing in financial crime control, has amassed $11m in a Series A funding round.