ByMatthew DeMello
Picture a financial services company and images of numbers, analysis, and data-crunching in scrutinizing reports come to mind — and for good reason. In the heavily regulated world of financial…
ByMatthew DeMello
In 2020, fines for Anti-Money Laundering (AML) noncompliance reached $2.2 billion, up nearly 400% from 2019, according to Kroll data. The trend continued into 2021. Through June 30, AML fines…
ByMatthew DeMello
Like many legacy and document-heavy industries in 2022, the entire financial services sector is undergoing a transformation through AI capabilities. These technologies have successfully disrupted many systems and processes once…
ByMatthew DeMello
In June 2014, a bombshell study from researchers at New York and McGill Universities found that a quarter of all mergers and acquisitions of public companies between 1996 and 2012…
ByMatthew DeMello
In the wake of COVID-19, conversation agents remain a huge focus for financial institutions looking to maintain and winning market share through a seamless digital experience for the customer, not…
ByMatthew DeMello
AI is coming to banking and picking up speed. In a 2020 survey conducted by PwC Research, banks cited increased productivity and efficiencies, just ahead of revenue growth, as their…
ByMatthew DeMello
Following nearly a decade of rampant cybersecurity events and subsequent negative press, successful AI use cases in fraud detection and data security are catching the collective eyes of investors and…