Revolutionizing AML Risk Assessment: A Data-Driven Approach
In 2023 alone, financial institutions globally faced over $10 billion in fines for non-compliance with Anti-Money Laundering (AML) regulations. For banks, AML is no longer just a...
Regulatory Compliance
Ethical AI in Banking and Finance: Balancing Innovation with Responsibility
AI technologies, such as machine learning, natural language processing, and predictive analytics, have empowered financial institutions to automate complex processes, enhance...
Transforming Finance with AI: Key Insights from Citi’s GPS Focus Report
In the rapidly evolving world of finance, artificial intelligence (AI) is emerging as a transformative force poised to redefine the industry. Citi’s latest GPS Focus Report, "AI...
Streamlining Cross-Border Payments with ISO 20022 Standards
Cross-border payments have been a source of annoyance due to the absence of universal protocols and standards. Various financial institutions and regions have attempted to address...
Credit Card Competition Act and the Evolving Payment Landscape
The Payment Revolution: Choice, Competition, and Challenges Did you know? The Credit Card Competition Act (CCCA) could potentially reduce interchange fees for U.S. merchants by...