3+ day, 10+ hour ago   (228+ words) Adoption was never going to be the hard part. Most banks have already brought AI into the building. The harder question, and the one still separating leaders from laggards, is how to turn that adoption into results that show up…...

3+ day, 5+ hour ago   (438+ words) Why EXANTE won’t let AI have the final say on QA FinTech Global EXANTE, an international brokerage platform for trading on global financial markets, has built artificial intelligence directly into its software testing process, using it as a working partner…...

3+ day, 9+ hour ago   (1590+ words) Financial crime is becoming faster, more connected and increasingly difficult to detect through isolated compliance checks. As financial institutions add more AML, KYC, fraud and sanctions tools, experts warn that fragmented customer risk data could itself become vulnerable. The individual…...

4+ day, 36+ min ago   (299+ words) Enterprise adoption of artificial intelligence is moving far faster than the governance structures meant to keep it in check, exposing organisations to risks that traditional oversight tools were never built to catch. According to Theta Lake, the widening gap between…...

4+ day, 43+ min ago   (340+ words) Six degrees of separation, the idea popularised by Stanley Milgram’s 1967 experiment, holds that any two people are connected through a short chain of acquaintances. According to Leo RegTech, financial compliance officers are learning a similar lesson the hard way: client…...

4+ day, 12+ hour ago   (307+ words) Financial services once moved through channels that were easy to watch: branches, telephone banking, card networks and conventional payment rails. Compliance teams could monitor them, control them and largely understand them. That world has gone. According to Arctic Intelligence, digital…...

4+ day, 13+ hour ago   (276+ words) ZeroRisk, the Dublin-headquartered cybersecurity firm that helps banks and payment providers manage cyber risk across their merchant portfolios, has closed a $10m Series A funding round. The round was led by MiddleGame Ventures, with existing backer Elkstone also participating. The fresh…...

4+ day, 13+ hour ago   (309+ words) Cylake has raised $245m through a convertible note ahead of the beta launch of its next-generation product. The round saw participation from Lightspeed Venture Partners, Picture Capital and Redpoint Ventures, and pushes the company’s total funding to $290m, following a $45m seed round…...

5+ day, 8+ hour ago   (396+ words) Politically Exposed Person (PEP) screening is the process compliance teams use to determine whether a customer, counterparty or beneficial owner holds a public position that carries an elevated risk of bribery, corruption or money laundering. According to Opoint, being flagged…...

5+ day, 9+ hour ago   (164+ words) Static, rule-based fraud detection is becoming a liability for growing FinTechs, flagging legitimate customers as often as it catches genuine criminals. According to SmartSearch, rules built around fixed thresholds, such as transaction size or location, generate a flood of false…...