Over 10,000 financial adverts and other promotions were withdrawn or changed in 2023 following intervention from the Financial Conduct Authority (FCA), an increase of 17%, year-on-year.
Grasshopper, the client-first digital bank built for the business and innovation economy, and Greenlite, the leading generative AI platform for compliance teams, today announced their partnership to leverage Greenlite's AI-enhanced due diligence suite to bolster Grasshopper's risk decisioning proficiency for small and medium-sized business (SMB) and startup clients.
IDnow, a leading identity verification platform provider in Europe, joins a consortium of five partners including the IOTA Foundation, walt.id, SPYCE.5, and Bloom Labs with the goal of making Crypto Asset Service Providers (CASPs) and self-hosted wallets compliant with the European Anti-Money-Laundering Regulation and the Transfer of Funds Regulation (TFR).
Americans lost more than $10 billion to fraud in 2023, with investment scams accounting for nearly half of the losses, Federal Trade Commission data shows.
As part of the Biden Administrations efforts to regulate AI, over 200 organisations have agree to attend the US AI Safety Institute Consortium (AISIC), including Nvidia, OpenAI, Apple, JP Morgan, and Amazon.
Fairer Finance has launched a Fair Value Report tool to allow financial service firms to assess the value offered by their products by benchmarking them against the wider market, showing how they compare on the comprehensiveness of their product features, the price they charge, and the service they offer.
The Securities and Exchange Commission today announced charges against five broker-dealers, seven dually registered broker-dealers and investment advisers, and four affiliated investment advisers for widespread and longstanding failures by the firms and their employees to maintain and preserve electronic communications.
Fenergo, the leading provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management (CLM), today announces that its software-as-a-service (SaaS) CLM solution is now available on AWS Marketplace.
