Tag: financial institutions
How the world’s top banks and insurers are adopting GenAI tools
In recent years, the integration of generative artificial intelligence (GenAI) tools within the financial sector has seen remarkable growth. A study conducted by ORX, a leading operational risk association, reveals that 75% of the world’s major banks and insurers are now utilizing external GenAI applications in their operations.
Unlocking the power of KYC Portal CLM in modern due diligence
In the complex world of finance, due diligence is essential for protecting a company’s reputation and financial well-being. As customer demands for convenience increase and regulatory scrutiny intensifies, finding a balance is more important than ever. The solution lies in an innovative tool—KYC Portal Customer Lifecycle Management (CLM). The RegTech company recently compiled a guide on its role in enhancing due diligence processes.
Bridgewise raises $21m in new funding to expand its AI financial...
Bridgewise, the pioneering AI-based analytics platform for global securities, has successfully completed a new funding round, securing $21m.
Bridgewise secures $21m to enhance AI-driven financial analysis on global scale
Bridgewise, an innovative AI-based analysis platform for global securities, has successfully completed a new funding round, securing $21m to fuel its expansion strategies.
A closer look at EMIR Refit and LEI reporting obligations for...
From the 24th April 2024, the financial markets will experience a significant shift with the application of the revised EMIR Refit (regulatory fitness and...
Navigating tax compliance: How FinTech innovates CRS and FATCA reporting
In the rapidly evolving global finance sector, the importance of complying with regulatory frameworks like the Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act (FATCA) cannot be overstated.
Iceberg Data Lab clinches $10m Series A for ESG data expansion,...
Iceberg Data Lab, a frontrunner in climate and biodiversity data solutions for financial institutions, has successfully completed the initial close of its Series A funding, securing US$10m (£8m).
London RegTech GSS secures $47m to bolster global sanctions compliance
Global Screening Services (GSS), headquartered in London, has announced a fresh infusion of $47m.
How AI transforms KYC into a continuous compliance powerhouse
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.
RegTech pioneer GSS secures $47m in transformative Series A2 funding
Global Screening Services (GSS), a forefront runner in the RegTech industry, has successfully completed its Series A2 funding round, securing over $47m (£37m).
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