Blog
Governance, Risk and Compliance: Modern Financial Services
Financial leaders need adaptable GRC solutions for complex regulations, cyber threats, and market challenges. Next-gen AI-powered platforms enhance efficiency, profitability, and risk management. Empowering the first line of defense fosters a strong risk culture.
Why Financial Services need a compliance software?
Regtech, using tech to manage regulatory compliance, is critical in finance. Compliance software enhances processes, minimises risk, and integrates AI, blockchain, and APIs for secure data sharing and reporting.
Will EU have compliance regulations for AI?
The EU is creating AI compliance rules to ensure ethical use and respect for rights. Regulations cover facial recognition, biometrics, critical infrastructure, and apply to public/private sectors. Aims to build trust in AI, encourage innovation, and protect citizens' rights.
Crypto-asset Assessment: Basel Committee
The Basel Committee is assessing banks' exposure to cryptoassets, considering eligibility criteria for 'Group 1' stablecoins and permissionless blockchains. Any revisions to standards, aimed at governing these novel financial instruments, will be open for public consultation.
Basel III: Risk Transfer Security
Basel III standards, with an output floor, increase Tier 1 capital requirements by 15% in European banks, influencing asset portfolio exposure. Techniques like significant risk transfer (SRT) aid in managing capital requirements effectively.
Reduce your
compliance risks
