Swaminathan J highlighted the transformative potential of artificial intelligence (AI) in the financial sector, while cautioning against unchecked adoption, in his speech titled “AI in Finance: What can change, what must never change.” He noted that AI-driven systems can significantly Read More …
Tag: AI in finance
AI Can Transform Credit, Fraud Detection and Risk Management: RBI Deputy Governor
Egypt’s FRA launches first registry for tech-driven risk assessment firms in non-banking finance
Egypt’s Financial Regulatory Authority (FRA) has launched the country’s first official register for technology-based risk assessment firms operating within the non-banking financial sector, marking a significant step in modernising financial supervision and promoting innovation. The new register is designed to Read More …
RegTech market accelerates at 10.97% CAGR as AI-driven compliance reshapes financial regulation
The global Regulatory Technology (RegTech) market is expanding at a rapid pace, projected to grow at a 10.97% CAGR, underscoring its increasingly critical role in helping financial institutions navigate complex regulatory landscapes. As compliance requirements intensify across banking, insurance, fintech Read More …
Ally’s CRO outlines priorities for next-gen banking transformation
Ally Financial’s Chief Risk Officer, Stephanie Richard, has highlighted the company’s renewed focus on modernising risk management, strengthening digital capabilities and preparing for the next wave of banking transformation. Speaking about Ally’s long-term strategy, Richard emphasised the importance of building Read More …
GreenFi raises $2 mn to scale AI-driven ESG risk platform
Singapore-headquartered startup GreenFi has secured $2 million (approx ₹17.7 crore) in a seed funding round led by Transition VC, with participation from undisclosed angel investors. Founded in 2023 by Barun Chandran, the company provides a cloud-based SaaS platform that leverages Read More …