Tag: financial institutions

The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) has expanded its suite of climate scenario tools with the release...

As artificial intelligence continues to transform industries, financial services firms are facing a familiar dilemma: should they build their own AI solutions or buy...

In a move to fortify Singapore’s anti-financial crime landscape, the Monetary Authority of Singapore (MAS) is introducing sweeping changes to its Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) framework.

As financial institutions face a growing wave of increasingly sophisticated cyberattacks, the focus is shifting from pure defence to resilience. According to Corlytics, regulatory...

One in every fifty children is now a victim of identity theft each year, according to new findings released by LSEG Risk Intelligence.

Ripping out and replacing anti-money laundering (AML) systems is no longer a practical option for most financial institutions. According to Consilient, deeply embedded legacy...

When financial institutions work together, the results can be transformative. That was the clear takeaway from The Great Fraud Showdown, a webinar co-hosted by...

As financial institutions increasingly embrace digital transformation and AI-powered compliance solutions, one critical gap often holds back long-term success: the absence of a clearly...

The European Banking Authority (EBA) has launched a public consultation on proposed amendments to disclosure requirements under the Capital Requirements Regulation (CRR3), aiming to reduce reporting complexity and align sustainability obligations with the European Commission’s broader goal to simplify ESG reporting.

Canada’s ongoing battle with fentanyl trafficking has taken a dramatic turn in recent years, with growing pressure on both borders and financial systems. In 2024 alone, authorities reported significant seizures of fentanyl moving between Canada and the US—10.8lbs entering from the US and 32.1lbs flowing the other way. These figures sparked diplomatic and economic fallout, including a 25% US tariff on Canadian goods imposed in March 2025.