In Q3 2024, the global Regulatory Technology (RegTech) sector experienced a resurgence in deal activity, with the number of transactions rising by 34% quarter-over-quarter to 137 deals. However, this increase in activity was accompanied by a significant reduction in funding, dropping to $1.2
In an era where environmental, social, and governance (ESG) considerations have become integral to business operations, firms find themselves navigating an evolving landscape filled with stringent regulations. This shift demands a robust and strategic response, particularly from financial services
It's becoming increasingly clear that the financial sector faces perpetual pressure from evolving regulatory requirements, particularly in the realm of financial crime compliance. Regulatory frameworks like BASEL III demand rigorous risk management, and traditional systems find it challenging
Artificial intelligence is swiftly revolutionizing the financial services industry, offering unprecedented opportunities for efficiency, security, and enhanced customer satisfaction. With AI applications projected to save banks an estimated $447 billion by 2023, financial institutions are
The legal field, particularly intellectual property (IP) law, is experiencing a technological revolution. Schwegman, Lundberg & Woessner P.A. (SLW), a leading law firm in IP services, has recently announced a strategic partnership with DeepIP, a cutting-edge AI tool designed to enhance patent
Despite the enormous potential of artificial intelligence (AI) to revolutionize the financial services sector, a significant portion of this industry remains hesitant to fully embrace the technology due to concerns around regulatory compliance and the potential for extensive job losses. This
