Tag: Machine Learning

Financial Institutions (FIs) are integrating digital technologies into their infrastructures, sparking a transformation in customer experiences and enhancing operational efficiency. This shift has made a dramatic impact on account opening and verification processes.

Embracing cutting-edge financial crime detection technology is critical for Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) and Fraud teams.

In a recent post by Flagright, the company gave a detailed outline of the role of transaction monitoring and why it is so important. 

When we delve into the profiles of notable leaders from bigwigs such as Facebook, Google, Microsoft, or OpenAI, we're often awestruck by their relentless...

DataVisor, a global pioneer in online fraud detection and financial services risk management, has secured strategic funding from CMFG Ventures, the venture capital subsidiary of CUNA Mutual Group.

Osavul, a Ukrainian information security company, announced that it had successfully raised $1m in a funding round led by SMRK, a Ukrainian venture capital fund.

BioCatch, the pioneer in behavioral biometrics intelligence and a global leader in digital fraud detection, has recently announced that Permira Growth Opportunities has acquired a significant minority stake in the company.

A Bank of England survey has found UK financial companies blame a lack of regulatory clarity and legacy systems for hampering the deployment of machine learning technology.

Nine in ten financial services firms have reported an increased compliance cost over the past five years, with 10% saying costs have doubled, according to research from RegTech firm SteelEye.

The Organisation for Economic Co-operation and Development (OECD) has published a new report offering policy advice on the regulation of AI in financial services.