Blog
AI and Compliance Relationship
Artificial Intelligence (AI) has transformed regulatory compliance in banking, ensuring lawful, ethical operations. From natural language processing to Know Your Customer (KYC) protocols, AI streamlines processes, improves efficiency, and enhances risk detection.
Regulatory Technical Standards: Market Risk Consultation
The EBA introduces flexible draft RTS for market risk management, allowing deviations in exceptional circumstances. Transparent conditions acknowledge unique challenges in diverse sectors. Stakeholders actively participate via webinar for a balanced regulatory framework. Deadline: Nov 3, 2023.
How Regtech Solutions can help Fintech Industry?
RegTech streamlines compliance in finance by leveraging AI and Big Data. It aids in reducing costs, managing risks, and preparing for regulatory shifts. By fostering innovation and collaboration, it's setting new trends in financial sector regulation
SASB Standards: Introduction of IFRS S1 and IFRS S2 Disclosures
Financial world shifts with ISSB IFRS S1 and IFRS S2 Sustainability Disclosure Standards. Harmonizing global approaches, they offer guidance on risks, opportunities, and climate disclosures. Preparation is key for convergence towards high-quality sustainability disclosures.
IFRS 15 Implementation
The European Financial Reporting Advisory Group (EFRAG) is conducting an extensive review of IFRS 15 - Revenue from Contracts with Customers. It may lead to targeted guidance and impact financial institutions. Prepare for potential changes. Stay informed and adaptive for compliance.
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