Tag: Banking
The role of AI and RegTech in enhancing perpetual KYC practices
In the latest episode of the Fenergo FinTalks podcast, host Dhanum Nursigadoo engages in a thought-provoking conversation with Rory Doyle, Fenergo’s Head of Financial Crime Policy. The focus of this discussion is on a key term in AML compliance: perpetual KYC (pKYC).
Revolutionizing digital onboarding: AI’s role in saving banks $900m by 2028
A new report from Juniper Research, a leader in FinTech and payment market analysis, has found that by 2028 the application of AI in identity verification will dramatically reduce the average digital onboarding check time from over 11 minutes in 2023 to under 8 minutes.
Revolutionary fraud defense: DataVisor unveils its AI co-pilot solution
DataVisor, renowned as the globe's top AI-driven fraud and risk platform, has stepped into the spotlight once again.
Wealth Club invests £2.4m in Kore to aid regulatory transformation
Kore, a RegTech SaaS platform that enables large financial firms to accelerate regulatory compliance, has secured a significant financial boost.
Encompass unveils whitepaper to guide banks towards pKYC transformation
Encompass Corporation has released a whitepaper that details how banks can accelerate digital transformation by moving towards a pKYC operating model.
Tactic raises $11m to support web3 in finance
Tactic has raised $11m in funding as it continues its mission to simplify financial operations for businesses in web3.
BaaS provider Griffin closes $15.5m round
Banking-as-a-service platform Griffin has raised $15.5m in fresh funding to support the launch of the operating system for embedded finance.
How is the sustainability revolution changing the banking sector?
A recent blogpost by financial industry association Mobey Forum has examined how the movement to make finance more sustainable is changing the banking industry.
The European Banking Authority seeks comments on identification of shadow banking...
The European Banking Authority has launched a public consultation on its proposed changes to regulatory technical standards (RTS) for identification of shadow banking entities for reporting large exposures.
Study finds central bank digital currencies may trigger stronger forex controls
A study by the Bank for International Settlements (BIS) has discovered the introduction of central bank digital currencies (CBDCs) may lead to greater foreign exchange controls.