Tag: Risk Management
The crucial role of compliance in business expansion and digital innovation
In the swiftly evolving world of compliance and business growth, navigating the intricacies of regulatory demands, venturing into new markets, and harnessing digital innovation are vital for success, according to Moody's.
Navigating KYC and KYB: Essential strategies for regulatory compliance in FinTech
In the realm of FinTech, understanding the nuances between Know Your Customer (KYC) and Know Your Business (KYB) is essential for businesses navigating the complexities of regulatory compliance and risk management. Both KYC and KYB processes are foundational in building trust and ensuring financial integrity within companies.
Streamlining compliance: The role of advanced client screening in RegTech
In financial crime compliance, regulators have set expectations for financial institutions to conduct thorough assessments of name screening alerts.
How to tackle evolving cyber threats with innovative risk management
As technology evolves, so does the network of bad actors who take advantage of it for illicit gains, leaving governments scrambling to modernise the way they regulate criminal activity.
French InsurTech Continuity raises €10m to boost AI-driven risk assessment
Continuity, a pioneer in leveraging artificial intelligence and external data for professional and commercial P&C insurers, has announced a €10m Series A funding round.
This...
Moody’s unveils sanctioned securities screening tool for asset managers
Moody’s has launched a new sanctioned securities screening capability aimed at enhancing investment decision-making workflows for asset managers.
The urgent need for enhanced cybersecurity in digital governance
In today's digital era, cybersecurity is a cornerstone of effective governance. As governments around the world become increasingly dependent on digital platforms for service delivery and citizen engagement, the importance of robust security measures cannot be overstated.
Inside Ballerine’s pioneering approach to merchant risk assessment
US-based FinTech firm Ballerine is making waves in the FinCrime space for its pioneering approach to assessing businesses and merchants legitimacy. Founded in 2022, the startup...
How to effectively manage third-party risks
The concept of third-party risk management is hardly a fledgling idea. However, as the world becomes ever-more digitised, cybersecurity threats are now looming larger...
Enhancing compliance: The rise of automation in consumer risk management
In the ever-evolving landscape of regulatory requirements, businesses are compelled to reassess how they manage compliance and conduct risks. A proactive approach is necessary, not only to understand the regulations but to anticipate their impacts on operations. Implementing a standardized methodology supported by AI allows businesses to prepare for regulatory changes effectively, ensuring compliance is both consistent and scalable.
