Tag: financial institutions

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.

Sanctions compliance has traditionally relied on name-based screening and public watchlists to flag potential threats, but as financial crime tactics evolve, this approach is...

64% of executives reported improved risk visibility as main benefit of RegTech solutions Key Global RegTech trends for 2025: 1,802 executives across 63 territories shared...

Fincom, a RegTech company specialising in anti-money laundering (AML) compliance, has completed its Series B funding round, marking a significant step in its international expansion plans.

In an increasingly complex global risk landscape, the quality and timeliness of screening data have become central to compliance strategies.

Artificial intelligence is no longer a future prospect for financial services; it is a present reality, evolving quickly and reshaping the compliance landscape. From enhancing risk detection to improving operational efficiency, AI offers immense potential. However, its rapid adoption also brings fresh regulatory questions, new risks, and ethical challenges.

Human trafficking is a lucrative industry, generating an estimated $150bn annually. This staggering amount circulates through global financial systems, touching banks, payment platforms, and numerous supply chains.

Let’s acknowledge a crucial aspect from the outset – managing the Customer Lifecycle Management (CLM) journey has become an increasingly complex, costly, and challenging endeavor. This is a shared challenge across the financial sector, exacerbated by an era marked by continuous change.