Identity fraud has become a significant concern for businesses and consumers alike, with losses reaching nearly $23 billion last year. A particularly challenging aspect of this issue is synthetic identity fraud, where criminals combine real and fake information to create fraudulent identities.
The asset management sector is rapidly evolving, with increasing regulatory demands requiring firms to employ highly skilled compliance officers. These professionals are pivotal in ensuring that firms adhere to laws and regulations, mitigate risks, and maintain the trust of investors and
The rapid evolution and adoption of generative AI (GenAI) technologies are revolutionizing industries from finance to healthcare. Alongside these advancements comes an urgent need for robust cybersecurity solutions to protect sensitive enterprise data and counteract the unique threats posed by AI.
Evolve Bancorp, along with its subsidiary Evolve Bank & Trust, has recently found itself in the regulatory spotlight. The US Federal Reserve Board issued a directive that mandates significant corrective measures to address deficiencies in the bank’s risk management, anti-money laundering (AML),
Fraud has been a persistent and evolving challenge for financial institutions. With the rise of digital banking and online transactions, the landscape of fraud has become more sophisticated, necessitating advanced solutions. Enter Artificial Intelligence (AI) and Machine Learning (ML), heralding a
The landscape of the Regulatory Technology (RegTech) sector is shifting, with experts predicting a surge to a $66.9 billion valuation by the year 2032. As financial institutions face this surging wave, the art of selecting the right RegTech partner is becoming increasingly crucial. More than just a
