Tag: risk management 2023
Revolutionising risk and compliance: How large language models combat financial crimes
There's a revolution happening in the world of technology, and it's making waves in our society. AI Large Language Models (LLM), such as ChatGPT, have dramatically changed our interaction with technology, sparking both intense excitement and lingering fears of an AI uprising.
Streamlining AML and CRA processes: Loomis FX’s success with KYC Portal
Organisations worldwide are increasingly seeking ways to optimise their customer risk assessment (CRA) and anti-money laundering (AML) risk management strategies. Implementing effective CRA and AML procedures plays a crucial role in providing an accurate analysis of the potential risks that new clients might pose.
MAS drives AI finance revolution with the 8th Global FinTech Hackcelerator
The Monetary Authority of Singapore (MAS) has announced the commencement of the 8th Global FinTech Hackcelerator.
Steering third-party risks in banking: Final guidance by regulatory agencies explained
Final guidelines aimed at bolstering third-party risk management in banking organisations have been issued by a cohort of federal bank regulatory agencies.
