Tag: Robotic Process Automation

Despite years of hype around AI, it has taken until recently for financial crime compliance (FCC) teams to meaningfully replace traditional outsourcing with intelligent...

Agentic AI automation is quickly emerging as a transformative force in financial services, particularly in the fight against financial crime. This new wave of AI technology, also referred to as agentic process automation (APA), is gaining traction as firms seek more intelligent and adaptive tools to strengthen compliance frameworks.

Balancing a seamless customer onboarding experience with stringent compliance measures can be challenging. RelyComply, an intelligent AML compliance platform, recently outlined strategies and best practices to streamline the KYC/CDD process, helping businesses navigate anti-money laundering (AML) regulations while enhancing customer satisfaction.

In a significant move underscoring its commitment to fight market manipulation, the Commodity Futures Trading Commission (CFTC) imposed a fine of $45m on a top-tier bank in May 2023. Eventus, a multi-asset class trade surveillance, algo monitoring and risk controls solutions provider, has explored what firms can do to avoid a similar incident. 

Respond Software, which builds robotic decision automation software for security operations, has closed its Series B on $20m.

Robotic process automation (RPA) company Kryon has netted $40m in its Series C round which was led by OAK HC/FT.

Softomotive, a of robotic process automation (RPA) solutions developer, has secured $25m in its Series A financing round from Grafton Capital.

Automation Anywhere, a enterprise software provider in Robotic Process Automation (RPA), has announced that its platform is compliance-ready with GDPR.