Intelygenz’s Post

Generative AI is transforming how banks tackle risk and compliance. Check out this insightful piece from McKinsey on how AI can enhance regulatory strategies:

In recent years, financial technology has experienced a lot of advances that aim to improve the customer experience. Unfortunately, the dark side of financial crime has advanced right alongside it, with money laundering and other issues impacting the lives of our most vulnerable. With that in mind, people within the FinTech sector need to have a duty of care to ensure that they conduct regular risk assessments on their operations. In doing so, they can better protect their customers. . . and their own business. While building compliance and risk management into operations early in the journey is often a tricky balancing act, it is also worth the effort. 👍 #finance #fintech #fintechaustralia #financialcrime #moneylaundering #riskassessment #riskmanagement #customersatisfaction #techteam #businessowners #businessstrategy #businessoperations #safetyfirst

🔍Navigating the shifting regulatory landscape in FinTech can be a daunting task, but financial institutions must adapt to stay ahead of the curve. A recent blog post shared key strategies to help institutions keep pace with changing compliance requirements. 📑 The post highlights several strategies, including embracing a culture of compliance, leveraging intelligent automation, enhancing data management, strengthening governance and risk management, and partnering with RegTech providers. By adopting these strategies, financial institutions can navigate the shifting regulatory environment with agility, resilience, and confidence, ultimately driving sustainable growth and success in the years to come. ✏ Check out the full post for more information. 📩 I'd love to hear your RegTech strategies. #FinancialServices #Compliance #Regulation #FinTech #TechTransformation #Azilen

Navigating the Future of Banking: The Technological Compass in Risk Governance In the intricate dance of risk and compliance, banks find themselves at the crossroads of tradition and innovation. As the guardians of financial stability, we face challenges that test our resilience and adaptability. Yet, in this digital renaissance, technology emerges as our most trusted ally, steering us through the tumultuous seas of governance and reporting. Data Analytics: Our North Star The constellation of big data and analytics guides us, offering insights that were once veiled in complexity. With these tools, we chart courses through the unknown, turning risks into opportunities and data into decisions. Automation: The Wind in Our Sails Automation breathes life into our operations, its invisible hands working tirelessly to ensure accuracy and efficiency. It is the silent sentinel that watches over our processes, liberating our crew to navigate more strategic endeavours. Regulatory Compliance: Our Beacon of Hope As regulations evolve, technology provides the lighthouse, ensuring we do not stray from the path of compliance. It is the bridge between policy and practice, between regulators and the regulated. Risk Strategy: Crafting Our Odyssey The journey is fraught with perils, but with a robust risk strategy, we weave the narrative of our voyage. Technology empowers us to face new frontiers, to boldly explore where no bank has ventured before. Governance: The Map to Treasure In the quest for governance, technology is our map, detailed and precise. It reveals the treasures of transparency and accountability, leading us to the X that marks the spot of corporate integrity. #BankingInnovation #RiskManagement #FinancialTechnology #RegulatoryCompliance #DataAnalytics #Automation #FutureOfBanking #DigitalTransformation #Governance #RiskReporting #DataAnalytics #Data #Risk

Leveraging guided workflows for enhanced efficiency and risk mitigation - FinTech Global: Money laundering techniques are becoming more sophisticated, and regulatory intensity across the financial sector continues to increase.

Staying compliant isn't just about meeting today's standardsit's about anticipating tomorrow's challenges. Position your organization for success by adopting process transparency and using AI for compliant operations. Educate and empower your team to understand the importance of compliance and make it a continuous commitment. Remember, proactive risk management builds trust with stakeholders and secures your organization's future. #Fintech #NonCompliant

We are thrilled to announce that 4CRisk.ai has been selected as a FINALIST for the Banking Tech Awards, for our Compliance Map product, in the Tech of the Future - Risk and Compliance category ! https://lnkd.in/erqaivxP #compliance #risk #regtech #bankingtechawards #compliancemap #regulatoryresearch #AI

More than ever, financial institutions are recognizing the pivotal role that high-quality data plays in shaping the future of their decision-making processes and risk management strategies. However, the challenge often lies in the availability and quality of the data itself. In an era where data-driven insights shape the future of the financial landscape, the role of synthetic data becomes increasingly pivotal. It not only facilitates informed decision-making but also lays the foundation for a more resilient and adaptive financial ecosystem. Embracing the potential of synthetic data is not just a step forward; it's a leap towards a future where the financial sector can navigate uncertainties with precision and confidence. #syntheticdata #Dedomena #Banking #Fintech #RiskManagment #ML #IA https://lnkd.in/d4Bdyakb

Let's talk about compliance. Fintechs, your risks go beyond just KYC and AML. As you expand services and connections, risks grow too—from FX and liquidity to counter party and interest rate exposure. Managing compliance gets more complex the more integrated you are. That’s why EMTECH is rethinking compliance from the middle out, bringing regulatory requirements, risk data, workflows, and insights into one unified solution. Watch our Founder & CEO, Carmelle Cadet, explain how Beyond Compliance helps centralize compliance to simplify risk management across the board. 🌍 Learn more about Beyond Compliance: https://lnkd.in/ewd4zdU7 Carmelle Cadet Hannatu Kasim Adegboyega Kirk Odonkor Oyinda Azeez Solomon Kay Afranie Omar L. Sherif Damola Tolani Gbemisola M.