Search Results for: financial regulators

Banks Must Resolve Explainability and “Black Box” Risk Governance Challenges to Succeed With AI Post-Pandemic, Says Economist Intelligence Unit Report Supported by Temenos
Artificial Intelligence Banking Fintech News Risk Management

Banks Must Resolve Explainability and “Black Box” Risk Governance Challenges to Succeed With AI Post-Pandemic, Says Economist Intelligence Unit Report Supported by Temenos

Fintech News Desk
by Fintech News Desk0
Data bias, “black box” risk, and lack of human oversight are the main governance issues for banks using AI, according to the Economist Intelligence Unit (EIU) report “Overseeing AI: Governing artificial intelligence in banking”. The report is based on a review of global regulatory guidance on AI risks and governance......
Banking Fintech Guest Posts

Banks Are Experiencing a Kodak Moment: Lessons Learned from a Fallen Giant

Johanna Pugh
by Johanna Pugh0
Giants have fallen when they reacted too slowly to changing consumer needs. Kodak, despite developing the first digital camera, did not believe digital photography would dominate the market, and therefore did not leverage the opportunities their discovery offered. They chose to focus on film, not innovation, and fell after a......
Banking Big Data Fintech News Trading

BitGo is First Wallet Platform to Announce Support for the Travel Rule for its Clients

Fintech News Desk
by Fintech News Desk0
Today, BitGo, a leader in digital asset financial services, announced API support for the Financial Action Task Force (FATF) Travel Rule. BitGo is the first wallet provider to come to market with a solution for the Travel Rule for its cold and hot wallet services by extending existing API endpoints for......
Wolters Kluwer Podcast Series Launched to Educate Lenders Navigating COVID-19 Impacts
Fintech News Risk Management

Toyota Finance Australia Selects Wolters Kluwer’s OneSumX for Regulatory Reporting

Fintech News Desk
by Fintech News Desk0
Toyota Finance Australia has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting as its regulatory reporting software, in order to meet the regulatory reporting requirements of the Australian Prudential Regulation Authority (APRA). Read More: bitFlyer: Confidence in Cryptocurrency Increases Across European Populations Year-On-Year Despite Ongoing Coronavirus Crisis “We are delighted that Toyota has......
Neudata Hires Donald D'Amico to Build Out Data Compliance Offering
Fintech News

Neudata Hires Donald D’Amico to Build Out Data Compliance Offering

Fintech News Desk
by Fintech News Desk0
Alternative data fintech firm Neudata has hired Donald D’Amico as its general counsel and in-house legal expert on alternative data. In addition to managing the company’s legal affairs from the New York office, D’Amico will develop a due diligence offering for Neudata’s investment management clients. As part of the new service, Neudata will independently conduct detailed......
Chainalysis Expands Series B to $49M with Investment from Ribbit Capital and Sound Ventures
Blockchain Business Fintech Investment Services News

Chainalysis Expands Series B to $49M with Investment from Ribbit Capital and Sound Ventures

Fintech News Desk
by Fintech News Desk0
Company doubles down on public sector growth; Ribbit’s Sigal Mandelker joins as advisor Chainalysis, the blockchain analysis company, announced it raised an additional $13M to expand its Series B round to $49M with an investment from Ribbit Capital and Sound Ventures. With the funds, which follows a $36M raise from Accel, Benchmark, MUFG and Sozo Ventures last year,......
Privacy Coins Zcash and ZEN Added to Elliptic's Blockchain Monitoring Platform
Blockchain Fintech News Risk Management Trading

Privacy Coins Zcash and ZEN Added to Elliptic’s Blockchain Monitoring Platform

Fintech News Desk
by Fintech News Desk0
Elliptic, the global leader in cryptoasset risk management solutions, launched support for privacy coins Zcash and ZEN, enabling crypto businesses to adopt these assets in a compliant way. Genesis, an industry pioneer and leader in digital currency trading and lending will be using Elliptic’s transaction and wallet monitoring solutions to detect and prevent......
Mercury Derivatives Trading Selects Eventus Systems for Trade Surveillance
Fintech News Risk Management

Industry Pioneers Eventus Systems and Voxsmart Ltd. Form Strategic Alliance in Global Markets Surveillance

Fintech News Desk
by Fintech News Desk0
Eventus Systems, Inc., a multi-award winning global trade surveillance and risk management software platform provider, and VoxSmart Ltd., a  global leader in communications surveillance technology, announced today that they have formed a strategic alliance. The firms are collaborating to build custom solutions for global market participants looking to enhance their ability to......
Aviva Selects Fenergo to Transform KYC, CDD and AML Processes
Fintech News Risk Management

Aviva Selects Fenergo to Transform KYC, CDD and AML Processes

Fintech News Desk
by Fintech News Desk0
Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions has been selected by Aviva, to replace Know Your Customer (KYC), Customer Due Diligence (CDD) and Anti-Money Laundering (AML) systems and services. Fenergo will work initially with Aviva Investors and later with Aviva......
Americorp Investments Expands Blockchain Portfolio
Blockchain Fintech News

Americorp Investments Expands Blockchain Portfolio

Fintech News Desk
by Fintech News Desk0
Patents include Viewing Private Information Stored on a Blockchain Americorp Investments LLC, a company focused on acquiring, developing and commercializing innovative technologies, announced that it has been awarded an additional patent by the United States Patent Office.  This patent is the 36th U.S. patent granted to Americorp or its affiliate......
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