Tag: Artificial Intelligence

The UK's Financial Conduct Authority (FCA) recently released a ten-point checklist for companies in anticipation of the new Consumer Duty regulation set to be enforced on July 31, 2023. This regulation marks a pivotal shift in the regulatory landscape, impacting both new and existing services and products available for sale or renewal.

In the data-driven epoch, secure, adaptable, and scalable fraud prevention systems hold immense significance, especially for financial institutions handling sensitive data and massive amounts...

Eagle Eye Networks and Brivo, two independent companies leading the charge in cloud video surveillance and cloud-based access control respectively, have announced a significant investment deal.

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.

BioCatch, the pioneer in behavioral biometrics intelligence and a global leader in digital fraud detection, has recently announced that Permira Growth Opportunities has acquired a significant minority stake in the company.

AI technology has taken the world by storm. While the technology can do wonders to improve compliance processes, myths surrounding AI’s use have gained weight and forced many to reconsider using it.

Machine learning and artificial intelligence is often hailed as the next big thing in RegTech, but what can you do to avoid them becoming empty buzz words.

Microsoft has joined the Veritas consortium launched by the Monetary Authority of Singapore (MAS) to improve the trust of the use of artificial intelligence in the financial industry.

Many RegTech solutions have artificial intelligence at the core of their solutions, but the founder of Ascent has warned that they need to be aware of the ethical pitfalls using the technology can entail.

Mphasis has partnered with BAE Systems to provide fraud and money laundering detection capabilities to financial services industry.