US President Joe Biden met with CEOs of several leading tech firms to discuss the dangers of rapid artificial intelligence (AI) adoption.

The US Securities and Exchange Commission (SEC) has recently implemented new rule changes aimed at decreasing risks involved in securities clearance and settlement by reducing the settlement cycle to one business day, or T+1.

US regulators have warned banks to be on their guard against the risks posed by exposure to the crypto asset sector in the wake of the implosion of crypto-exchange FTX and heightened volatility in the market.

Source: Themis

Themis has announced the release of its innovative supply chain risk assessment tool, which allows companies to map out high risk geographies and sectors and possible touch points from financial crimes including modern slavery and human trafficking, drugs, wildlife and arms and trafficking, bribery and corruption, fraud, money laundering and terrorist financing.

Third-party data breaches are becoming an increasingly pressing issue in the healthcare sector, with victims doubling year after year. In fact, according to Black Kite’s Third-Party Breach Report healthcare has become the most targeted industry for cyberattacks. This is due to the sensitive nature of the information stored by healthcare organizations, including personal health information (PHI) and payment information.

Source: LexisNexis Risk Solutions

Data and analytics firm, LexisNexis Risk Solutions, has been selected to provide Hodge with a full end-to-end solution for customer onboarding and ongoing monitoring, incorporating AML screening, transaction monitoring and case management, all within a single platform.

According to a recent report by Huntress, 99% of businesses in the United States and Canada are mid-sized businesses facing cybersecurity challenges. The report reveals that mid-sized businesses are struggling to implement basic cybersecurity measures, including incident response plans, security awareness training, and cyber insurance coverage.

Source: Verdantix

Rising losses from extreme weather are driving a global surge in investment in climate risk digital solutions, a new report from leading independent research and advisory firm Verdantix says.

Source: Target Group

Target Group, the operational transformation, business processing and software provider has today announced that Kathy Griffin will be joining as Chief Risk Officer, starting immediately.

The Financial Stability Board (FSB) has raised concerns over the ability of existing stablecoins to pass new risk management rules currently in development. This comes after the collapse of FTX and other events over the past year, which exposed the volatility and structural vulnerabilities of crypto-assets.

The six largest US banks have been tasked by the Federal Reserve to analyse the impact of trial scenarios for both physical and transition risks related to climate change on real estate assets in their portfolios.

Source: Hawk AI

Hawk AI, Germany’s leading software provider of anti-money laundering surveillance and anti-fraud technology for banks, payment firms, and fintech’s, today announced a new partnership with Diebold Nixdorf (NYSE: DBD), a global leader in driving connected commerce for the financial and retail industries.