Invoice fraud has become a critical issue plaguing businesses in the United Kingdom. This deceitful practice, which involves manipulating invoices to siphon off funds, is causing significant financial losses and operational disruptions. As fraudsters employ increasingly sophisticated techniques,
Artificial Intelligence (AI) has the potential to revolutionize various industries, and one of the most significant areas it can impact is the fight against financial crime. As the world faces increasingly sophisticated money laundering schemes, AI's unique capabilities offer promising
With the implementation of the General Data Protection Regulation (GDPR) in May 2018, a global standard for data protection was established, compelling organizations to prioritize the privacy of EU residents. Fast forward to July 2024, the regulatory landscape has become even more stringent with
The regulatory technology (RegTech) market is on a compelling trajectory, poised to expand from $13.2 billion in 2023 to an impressive $65.7 billion by 2032. This growth is spurred by advancements in technology, increasing regulatory complexity, and a rise in digital transactions. As businesses
The intersection of cybersecurity and fintech has become a critical talking point in today’s digital age. With fintech's global surge, understanding how various regions approach cybersecurity to foster fintech growth is essential. A recent study sheds light on this vital relationship, delving i
The financial industry is contending with an ever-increasing array of regulatory requirements. The advent of machine-readable (MRR) and machine-executable regulation (MER) technologies promises to streamline compliance processes, increase accuracy, and reduce costs. However, the journey toward
