Tags Banking sector

Tag: banking sector

Insights from a data scientist: Implementing AI in financial crime compliance

The financial services industry is undergoing a transformation driven by artificial intelligence (AI) technologies, particularly machine learning (ML). These advancements are significantly enhancing anti-money laundering (AML), counter-financing of terrorism (CFT), and sanctions screening as part of customer lifecycle management (CLM).

EBA seeks input on hedge standards for banking sector

The European Banking Authority (EBA) has initiated a public consultation regarding its draft Regulatory Technical Standards (RTS) focused on the criteria for identifying hedging...

Deutsche Bank faces $186m penalty over AML failures

Deutsche Bank has been hit with a fine of $186m by the Federal Reserve Board due to deficient AML practices and other violations.

Bank of Italy and associates embark on CBDC pilot

The Bank of Italy has revealed it is spearheading an innovative project to explore the potential of a CBDC.

Verisk Analytics buys Bangalore-based RegTech Fintellix

Fintellix, a Bangalore-based provider of compliance solutions for the banking sector, has been purchased by Verisk Analytics.

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