Tag: AI

In its most recent Consumer Duty Solutions Series Webinar, RegTech firm Aveni examined what a ‘data-driven’ regulator expects from a company in light of consumer duty.

Founded in 2018, RegTech firm Aveni claims it is leading a new era of risk assurance by enabling 100% digitisation and automation of the quality assurance process. The firm analyses every customer interaction to drive enhanced data insights, comprehensive risk oversight and process automation.

AI-driven cybersecurity platform Muninn has raised €2.5m in its seed funding round, which was led by Luminar Ventures.

AI-powered compliance company Ascent has teamed up with Onspring, a cloud-based business automation and real-time analytics platform.

With money laundering, terrorist financing and other financial crimes rising in an increasingly digitised world, the use of cutting-edge technology to deal with it is growing.

FinTech Global has announced the second annual AIFinTech100 list, which recognises the FinTech companies leveraging AI in revolutionary ways.

Squirro, a company that links and analyses data to provide new insights as a basis for decision making, has integrated with ESG firm radicant.

Nine in ten financial services firms have reported an increased compliance cost over the past five years, with 10% saying costs have doubled, according to research from RegTech firm SteelEye.

The rise of AI is happening across the majority of industries globally. However, it is seeing particularly powerful growth across the RegTech industry right now.

Over 90% of European FinTech companies plan to adopt AI-enabled risk decisioning to combat fraud, according to a study by risk decisioning software developer Provenir.