Sift enhances fraud insights with new metrics in industry benchmark tool
Sift, a leading AI-powered fraud prevention platform, has introduced significant updates to its Fraud Industry Benchmarking Resource (FIBR), a free online tool designed to provide key fraud metrics across various industries, geographies, and timeframes.
Bitsight acquires Cybersixgill in $115m deal to enhance cyber threat intelligence
Bitsight, a global leader in cyber risk management, has announced its $115m acquisition of Cybersixgill, a prominent cyber threat intelligence (CTI) provider.
FinCEN issues alert on deepfake fraud schemes targeting financial institutions
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a critical alert to assist financial institutions in identifying and addressing fraud schemes involving deepfake media created with generative AI (GenAI) tools.
NatWest restricts staff from using WhatsApp and Messenger on company devices
NatWest Group has taken a firm step in tightening its internal communication protocols by blocking popular messaging services WhatsApp, Facebook Messenger, and Skype on company devices across the UK.
Five key benefits of moving financial crime compliance to the cloud
As financial institutions navigate an increasingly complex regulatory environment, many are finding that cloud technology offers a reliable solution for future-proofing compliance efforts. The move to cloud-based financial crime compliance not only enhances agility but also helps institutions meet stringent regulatory requirements more effectively.
Cybereason and Trustwave merge to enhance global cybersecurity capabilities
Cybereason and Trustwave, a top cybersecurity and managed security services provider, have announced their definitive merger agreement.
How TD Bank could have avoided a $3bn compliance disaster
TD Bank has been slapped with a staggering $3bn penalty for breaches of the BSA marking a record-setting moment in U.S. financial regulatory history.
Grasshopper teams up with EnFi for enhanced AI-powered risk monitoring
Grasshopper, a digital bank focused on the business and innovation economy, has partnered with AI-driven EnFi to enhance operational efficiency and expand its digital...
How to manage rising ESG reporting costs under the CSRD framework
The introduction of the CSRD presents escalating assurance costs and stringent compliance timelines that pose significant planning and budget challenges for companies.
Navigating regulatory shifts and tech advancements in tax compliance
On October 23rd, industry leaders and TAINA representatives convened at the London Operational Taxes for Investment Firms conference to dissect the latest regulatory trends and challenges affecting funds and custodians.
