Tag: Artificial Intelligence
Understanding the 3 stages of money laundering: How AML integration protects...
Money laundering is a global issue, undermining economies and enabling illicit activities by disguising illegal funds as legitimate. This pervasive challenge affects financial institutions and high-risk industries, making Anti-Money Laundering (AML) measures essential to combat it effectively.
Quantifind’s 2024 milestones: Strengthening KYC and AML with advanced analytics
Quantifind, a leading provider of risk intelligence solutions for financial crime compliance, made significant advancements in 2024 to empower organisations with cutting-edge investigative tools. Known for its innovative approach, Quantifind specialises in leveraging machine learning and data science to enhance KYC and AML efforts, helping financial institutions detect and mitigate risks effectively.
AI and collaboration lead the charge in sanctions compliance transformation
Global Screening Services (GSS), a prominent RegTech innovator, has published its 2024/2025 Sanctions Survey, revealing key insights into how financial institutions are adapting to the evolving sanctions landscape.
Trustero secures $10.35m Series A to advance AI-powered GRC solutions
Trustero, a Silicon Valley-based innovator specialising in AI-driven governance, risk, and compliance (GRC) solutions, has announced the completion of a $10.35m Series A funding round.
US RegTech deal activity rises by 20% QoQ as investors eye...
Key RegTech investment stats in Q3 2024:
Global RegTech deal activity increased by 20% QoQ
Average deal value dropped to $12m as investors back...
How AI slashes ESRS compliance time by 50% for sustainable reporting
As sustainability reporting becomes more demanding, companies face significant challenges in gathering, organising, and producing reports.
Bugcrowd bags $50m from Silicon Valley Bank to amplify cybersecurity solutions
Bugcrowd, a pioneer in crowdsourced cybersecurity solutions, has secured a significant $50m growth capital facility from Silicon Valley Bank (SVB), a division of First Citizens Bank.
The governance gap: AI risks unchecked in financial services
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.
New Napier AI report highlights $3.13trn potential savings with AI in...
Napier AI, a RegTech company offering a range of compliance tools and services, has launched its inaugural AI / AML Index, revealing that artificial intelligence could enable global economies to save $3.13trn annually by enhancing the detection and prevention of money laundering and terrorist financing.
Harnessing AI and data integrity in fighting financial crime
In today's rapidly evolving digital world, the fight against financial crime networks demands both vigilance and innovation.