Tag: AI

Onspring, a software as a service (SaaS) platform that specialises in governance, risk, and compliance (GRC), has successfully raised a strategic round of funding.

As the deadline for the Financial Conduct Authority (FCA)'s Consumer Duty approaches, a startling 67% of lenders report feeling unsupported by the FCA.

Amidst growing acknowledgment of AI's prowess in uncovering fraud and financial crime, there remains a gap between those financial institutions (FIs) recognising its potential and those implementing it.

When it comes to developing a successful AI model, one of the most vital aspects of this process is refining and adaption.  

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.

Fraud prevention innovator, Moonsense, recently announced that they have raised $4.2m in seed funding to support the general availability of their user behavioral and network intelligence solution.

The introduction of Consumer Duty into law is fast approaching, with 31 July being the date it officially comes into force. How can businesses demonstrate its compliance through technology?

In a time where AI is revolutionising industry after industry, the increasing need and desire to automate compliance is becoming ever more sought after.

 SteelEye, which claims to be the first and only integrated surveillance solution, has integrated ChatGPT into its compliance platform.

The rise of AI has been an ongoing and slow-burning process for a number of years now. While the technology is disruptive by nature, the recent introduction of ChatGPT by OpenAI has taken the world by storm.