Insurance Industry Urged to Embrace Tech-Driven Strategies Amid Market Pressure
The insurance sector finds itself at a critical juncture as it navigates mounting competition and ongoing economic pressure. Traditional models for growth and profitability are under strain, and the industry must now strike a delicate balance between managing short-term costs and ensuring long-term resilience. esynergy, a technology consultancy focused on building scalable digital platforms, has […]
Navigating Crypto Compliance: Key Differences Between MSB and VASP (CASP) License
As the financial world continues to digitize and evolve, companies dealing with virtual assets face increasingly complex regulatory landscapes. Today’s fintech and crypto businesses are expected to navigate both innovation and compliance simultaneously, particularly through licensing. Two major licenses dominate this space: the Money Services Business (MSB) license and the Virtual Asset Service Provider (VASP) […]
RegTech Leaders Highlight the Evolving Landscape of Data Compliance
At last week’s Global RegTech Summit in London, a panel featuring top voices from Lloyds Banking Group, Behavox, TD Securities, and The RegTech Association explored the evolving landscape of data compliance and governance in financial services. The discussion, titled “Data Compliance Decoded: Handling, Governance, and Technology Insight,” underscored the critical role of data management in […]
Five Promising Startups Join Northwestern Mutual’s Spring Accelerator Cohort
Five innovative startups have been selected to join the 2025 spring cohort of the Northwestern Mutual Accelerator, powered by gener8tor. Focused on driving forward solutions in FinTech, InsurTech, data security, and wellness, the program continues to back scalable companies that align closely with the strategic priorities of the financial services leader. Chosen from a competitive […]
Tariffs Become New Frontier in Financial Crime as AI Arms Compliance Fight
As geopolitical instability reshapes global trade, tariffs are no longer just economic tools—they’re now fertile ground for sophisticated financial crime. Criminal networks are exploiting the complexity and volatility of international trade, with tariff evasion emerging as a growing threat that mirrors techniques seen in money laundering and sanctions evasion. The risk is not hypothetical. In […]
Financial Institutions Urged to Modernize Customer Risk Ratings with Machine Learning
Customer Risk Ratings (CRRs) remain a foundational element of anti-money laundering (AML) and counter-terrorist financing (CFT) systems. Yet many financial institutions continue to rely on outdated models that hinder effectiveness, according to a recent report by Consilient in collaboration with Richard Hills of K2 Integrity. Traditional CRR methods often rely on static customer data, manual […]
Financial Firms Leverage Smart Tech for Modernized KYC/KYB Onboarding
Financial institutions are increasingly turning to advanced technology to modernize their client onboarding processes, balancing regulatory demands with customer expectations. Effective Know Your Client (KYC) and Know Your Business (KYB) procedures are fundamental for complying with anti-money laundering (AML) and counter-terrorist financing (CTF) rules, assessing risk, and preventing fraud. While onboarding individuals (B2C) often emphasizes […]
AI Revolutionizes KYC Compliance, Offering Speed, Accuracy, and Strategic Value
Traditional Know Your Customer (KYC) processes are falling behind in today’s fast-moving financial landscape. Manual compliance procedures have long dominated the industry, but they are increasingly seen as inefficient, costly, and error-prone. Now, artificial intelligence (AI) and machine learning (ML) are transforming how financial institutions manage KYC and anti-money laundering (AML) responsibilities. KYC reviews for […]
2025: The Tipping Point for AI-Powered Regulatory Compliance?
Financial institutions are increasingly viewing regulatory compliance not just as a cost, but as a potential competitive edge, with 2025 shaping up as a pivotal year for the adoption of AI-powered automation. While manual processes struggle under the weight of evolving AML and KYC mandates, the RegTech industry is offering sophisticated solutions. Experts believe that […]
b-next’s CMC:eSuite Streamlines Regulatory Compliance for European Financial Firms
In the face of an increasingly complex financial regulatory landscape, European companies are turning to innovative solutions like b-next’s CMC:eSuite to ensure compliance while maintaining operational efficiency. This platform, trusted by regulators across the European Union, is designed to simplify the often-burdensome process of adhering to stringent rules. b-next has positioned itself as a key […]
