Tag: NLP

In the dynamic landscape of anti-money laundering (AML) efforts, financial institutions are facing intensified scrutiny to stay a step ahead of increasingly sophisticated criminal tactics and rigorous regulatory demands.

In the rapidly evolving sectors of finance and governance, managing risk amidst vast, global networks of individuals and organizations is crucial. Leaders tasked with overseeing institutional risk exposure are increasingly looking towards innovative solutions to balance growth and risk management effectively.

RegTech firm Moody's Analytics recently took the opportunity to explain to its readers the power of natural language processing (NLP).

The growth of large language models is taking the RegTech industry by storm – and it may have only just scratched the surface of what is possible.

The ongoing AI revolution is indisputably transforming risk management and customer identification processes (KYC), even though human input remains pivotal to these functions. Moody's Analytics recently delved into how AI will transform risk management and know your customer (KYC) compliance.

Sigma, recently ranked in the AIFinTech100 for 2023, is driving innovation with AI to offer robust and scalable risk management solutions. Their unique use of AI technologies makes the platform indispensable for current and prospective clients.

In a recent post by Fenergo, the company outlined how digital transformation is changing the way people open accounts. 

Aveni, an AI solutions company, has partnered with UK-based Age Partnership, a leading equity release advisory firm, to revolutionise their Quality Assurance (QA) monitoring capacities. This strategic collaboration aims to enhance QA monitoring in terms of coverage, speed, and precision.

Founded in September 2022, Filigran, the rising star in the cybersecurity arena, has recently raised an impressive €5m in seed funding.

While natural language processing (NLP) solutions are helping financial services extract valuable insights from unstructured data, Aveni warns there is the need for human-in-the-loop (HITL).