Tag "compliance"
Mckinsey: Generative AI to Transform Risk Management in The Next 5 Years
Generative artificial intelligence (AI), also known as gen AI, is expected to significantly impact risk management over the next five years, allowing financial institutions to automate tasks, accelerate processes and improve efficiencies. But in order to leverage the benefits of
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Breaching the New Frontier in Payments Security and Compliance Automation
The complexity of the fintech sector is increasing with sophisticated fraud schemes and personal data compromises, counterbalanced with breakthroughs where automation in payments security and compliance automation are catching up, and playing a pivotal role in how digital fraud will
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New Study Reveals the True Cost of Financial Crime Compliance
Digitalization has brought about tremendous opportunities for growth and innovation within the financial sector. However, this evolution has also led to a new era of financial crimes, new data released by LexisNexis Risk Solutions, a global data and analytics company
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Silent Eight Uses AI to Fight Financial Crime
COVID-19 continues to spread in Singapore with now more than 30,400 confirmed cases and over 20 deaths, according to the latest data from the John Hopkins University. Though the numbers continue to rise, with 614 new cases of COVID-19 infection
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The Rise of Virtual Banks in Asia is Posing New Cybersecurity, Fraud Risks: Jumio
Across Asia-Pacific (APAC), regulators are opening up their markets to new entrants that promise to transform the traditional banking model. By leveraging digital platforms and cutting-edge technologies, virtual banks aim to offer more affordable and convenient banking services, and reach
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