Tag: synthetic data

Artificial intelligence is rapidly shifting from concept to application across financial services, with anti-money laundering (AML) compliance among the areas set to benefit most. To...

Artificial intelligence has rapidly transformed banking operations, playing a key role in tasks such as transaction screening, monitoring, and customer due diligence. Yet as AI adoption accelerates, regulators worldwide are tightening expectations on how banks deploy, govern, and oversee these systems.

For years, transaction monitoring (TM) in wealth and asset management has lagged behind the standards set in retail banking. Yet, given the complexity of...

The Financial Conduct Authority (FCA) has been actively working to promote safe and responsible AI adoption in the UK financial sector. Last year, it published its AI Update to encourage outcomes-focused AI models. To further this initiative, the FCA recently launched its AI Lab, a collaborative platform for firms, stakeholders, and regulators to discuss AI use cases, share insights, and foster innovation while ensuring compliance.

FinCrime Dynamics, a UK-based FinTech specialising in criminal behavioural intelligence and data-driven solutions, has secured seed funding to advance its AI-powered platform.

AMLYZE, a RegTech company, has successfully closed a €2.35m seed funding round.

The US Treasury's recent initiative to solicit public insights on Artificial Intelligence (AI) in the financial sector underscores a pivotal moment for regulatory evolution.

The buzz surrounding Artificial Intelligence (AI) often heralds it as a panacea for all modern problems. Yet, the reality is more nuanced, as the...