Tag: AI Governance

In today’s rapidly shifting regulatory landscape, firms are under mounting pressure to shift from reactive to proactive compliance. The days of treating compliance as...

The landscape of compliance is evolving rapidly, and gone are the days when compliance officers solely relied on manual processes and traditional methods. Artificial intelligence (AI) is redefining the field, offering significant advancements in efficiency and automation, alongside introducing new complexities and regulatory concerns.

600 senior compliance leaders from financial services and fintech firms shared insights on AI adoption in financial crime prevention 91% of firms are...

The Financial Conduct Authority (FCA) has been actively working to promote safe and responsible AI adoption in the UK financial sector. Last year, it published its AI Update to encourage outcomes-focused AI models. To further this initiative, the FCA recently launched its AI Lab, a collaborative platform for firms, stakeholders, and regulators to discuss AI use cases, share insights, and foster innovation while ensuring compliance.

Financial services companies are rushing to integrate artificial intelligence (AI) into their operations, but many are doing so without adequate governance frameworks or testing procedures.

As the digital era advances, businesses worldwide are increasingly integrating artificial intelligence (AI) into their core operations.

Relyance AI, a leader in AI-powered data governance, announced a significant $32.1m Series B funding round led by Thomvest Ventures, with substantial contributions from M12, Microsoft Ventures Fund.

Money laundering continues to pose a significant threat across the Asia Pacific region, with sophisticated tactics challenging financial institutions. As technological advancements emerge, so too do the strategies of those intent on manipulating financial systems. In response, both regulatory bodies and financial institutions are developing innovative approaches to counter these threats.

Transcend, a next-generation data privacy platform, has announced the successful raising of $40m in Series B funding. The funding round was led by new investor...

LightBeam.ai, a trailblazer in zero trust data protection, has raised $17.8m in an oversubscribed Series A funding round.