Risk Management
Cytora launches explainable agentic AI solution for insurance risk assessments
Source: Cytora
Cytora has announced the latest version of its digital risk processing platform. Cytora Platform 3.0 enhances the capabilities of the platform by harnessing agentic AI in a fully explainable way.
Majority of Financial Firms Unprepared for Generative AI
Despite increasing efforts to adopt artificial intelligence (AI), many firms remain in the early stages of implementation, hindered by significant gaps in workforce training and regulatory readiness.
Rapid7 Agrees to Acquire Cyber Asset Attack Surface Management Company, Noetic Cyber
Source: Rapid7
Rapid7, Inc. (NASDAQ: RPD), a leader in extended risk and threat detection, today announced it has signed a definitive agreement to acquire Noetic Cyber, an innovator and a leader in cyber asset attack surface management (CAASM).
FIS opens applications for 2024 fintecch accelerator
Source: FIS
Global financial technology leader FIS® (NYSE: FIS) has today announced that applications are open for the FIS Fintech Accelerator 2024, its flagship program that supports fintech innovation and growth.
New Software Supply Chain Threats Exploit Entry Points Across Programming Ecosystems
Cybersecurity researchers have uncovered a new threat to software supply chains that spans multiple programming ecosystems, including PyPI, npm, Ruby Gems, NuGet, Dart Pub, and Rust Crates. These entry points, which are typically used by developers to execute specific commands or load plugins, can be exploited by attackers to introduce malicious code.
BIS and MAS Launch Project Viridis to Integrate Regulatory and Climate Data for Risk Management
The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have developed a blueprint for a platform to integrate regulatory and climate data, aiding financial authorities in managing climate risks.
ECB Urges Banks to Enhance Outsourcing Risk Management Amid Growing Concerns
The European Central Bank (ECB) is cautioning banks about the need to enhance their management of outsourcing risks, particularly concerning the processing of personal data.
FullCircl taps LSEG Risk Intelligence to tackle global identity fraud
Source: FullCircl
FullCircl, a UK-based RegTech which is uniquely placed at the intersection where revenue meets regulation, has announced a new partnership with LSEG Risk Intelligence.
US Treasury Report Urges Banks to Strengthen Risk Management Against AI-Powered Threats
A report issued by the US Treasury has emphasized the imperative for banks to enhance their risk management frameworks to mitigate the growing threat posed by AI-driven fraudsters and cybercriminals.
MAS Advises Financial Institutions to Brace for Quantum Computing Cybersecurity Challenge
The Monetary Authority of Singapore (MAS) has issued a directive to the country's financial institutions, urging them to ready themselves for the increasing cybersecurity threats posed by quantum computing.
Regulators Warn of Risks in Bank-Fintech Partnerships
There exists a nuanced spectrum in orchestrating and nurturing bank-fintech collaborations. This complex landscape necessitates a keen understanding of pivotal factors and methodologies imperative for sustaining these relationships, irrespective of their objectives or frameworks.
AXA and AWS to build B2B risk management platform
Source: AXA
A worldwide leader in insurance and asset management, AXA and AWS (Amazon Web Services) an Amazon.com, Inc. company (NASDAQ: AMZN), announced their intention to jointly develop and build AXA Digital Commercial Platform (DCP) and associated software services to enable next-generation risk management.
Cybersecurity remains number one risk for global banks
Source: EY
Amid unprecedented levels of volatility and global uncertainty, cybersecurity has remained at the top of the list of near-term risks for banks around the world for the second consecutive year, according to the latest EY and Institute of International Finance (IIF) bank risk management survey.