Tag: financial compliance
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.
How Red Oak is revolutionising compliance with AI-driven solutions
Artificial Intelligence (AI) is revolutionising various industries by offering technologies that enhance speed, quality, and efficiency.
Sedric AI clinches $18.5m to pioneer AI compliance solutions in FinTech
Sedric AI, a leading innovator in AI-driven compliance solutions for financial institutions, announced today that it has successfully secured $18.5m in Series A funding.
UK financial firms face rising penalties amid tightening regulations
More than a third of financial services businesses in the UK have been penalised for failing to meet regulatory compliance demands over the past year, highlighting a significant challenge within the industry.
SymphonyAI introduces a game-changing entity resolution solution for modern finance
SymphonyAI has unveiled a cutting-edge Entity Resolution system designed specifically for the financial sector.
The critical role of perpetual KYC in modern risk management
In today’s rapidly changing regulatory environment, financial institutions are under increasing pressure to manage risks effectively.
A transformative approach that has gained traction is Perpetual...
How to enhance KYC and CDD processes for better customer experiences
Balancing a seamless customer onboarding experience with stringent compliance measures can be challenging. RelyComply, an intelligent AML compliance platform, recently outlined strategies and best practices to streamline the KYC/CDD process, helping businesses navigate anti-money laundering (AML) regulations while enhancing customer satisfaction.
Redefining customer lifecycle management with KYC Portal’s innovative features
In the rapidly evolving sectors of finance and professional services, Client Lifecycle Management (CLM) plays a critical role in ensuring compliance and managing risk. Traditional CLM systems, however, often fall short in the face of expanding customer demographics, complex regulatory landscapes, and the growing demands of global compliance standards.
AI emerges as the top threat for UK’s regulated firms in...
In the UK, the deployment of artificial intelligence (AI) is perceived as the principal threat for over half of the regulated firms this year.
Spektr exits stealth with €5m seed funding to revolutionise compliance automation
Spektr, a pioneering company in the compliance technology sector, has officially emerged from stealth mode, heralding a new era in ongoing due diligence.
