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Regulatory landscapes are evolving, and with them, the risks associated with financial crime are becoming more complex.According to Opoint, failing to detect these risks early can have severe repercussions for any business. In today’s environment of heightened regulatory scrutiny and global market fluctuations, companies are finding that traditional methods of compliance, such as annual audits, are no longer sufficient. Instead, real-time data has become crucial for those aiming to comply with stringent regulations like GDPR or local data protection laws.The era of sporadic compliance check-ups has ended. Today’s regulatory demands require continuous monitoring to manage compliance effectively. This shift is…

Clarity AI has introduced a pioneering AI-driven product poised to revolutionize the way asset managers and investors handle sustainability research. Known for their innovative approach, Clarity AI has developed a solution that automates analysis and provides real-time insights, enabling investment teams to transition from outdated methods to a dynamic and control-oriented assessment process.The rationale behind this new product is compelling; analysts and portfolio managers often grapple with fragmented data and outdated third-party reports. Traditional ESG research methods are becoming increasingly irrelevant in the fast-evolving market landscape. Clarity AI’s solution is designed to eliminate these inefficiencies by removing bottlenecks and delivering…

NEW YORK (AP) — Savannah Miller, 26 years old and a “Hunger Games” reader for half of her life, has only grown in admiration for Suzanne Collins’ dystopian novels.“As a kid you focus so much on the plot and the action,” says Miller, a researcher at the Albert Einstein College of Medicine and among hundreds of fans at the Barnes & Noble in Manhattan’s Union Square who attended the midnight launch party for “Sunrise on the Reaping,” published Tuesday. “As an adult I connected to the characters a lot more and had more of an emotional response. I also appreciated…

InsurTech startup ResiQuant, which specialises in property risk assessment, has raised $4m in a seed funding round led by LDV Capital.Additional investors include Foothill Ventures, Pear VC, Alumni Ventures, and strategic angel investors, according to InsurTech Insights.The fresh capital will support ResiQuant’s mission to transform how property insurers evaluate and manage catastrophe risks.By leveraging AI-driven analysis of site inspection photos, aerial imagery, and public visuals, the company’s platform delivers building-level insights often overlooked by traditional data sources. Its technology pinpoints structural weaknesses that could impact a building’s resilience during natural disasters.ResiQuant’s solution addresses major challenges within the $200bn US property…

Israel informed the US about its latest attack on Gaza before it happened, according to White House Press Secretary Karoline Leavitt.Israel consulted with the United States before launching massive air raids on the Gaza Strip overnight. White House Press Secretary Karoline Leavitt said late on Monday that the Israeli government had informed the US administration of the impending assault. The wave of bombing, which killed at least 404 people according to Gaza’s Ministry of Health, has shattered the ceasefire between Israel and Hamas, which was brokered by the US, Qatar and Egypt and implemented in January. “The Trump administration and…

Israel informed the US about its latest attack on Gaza before it happened, according to White House Press Secretary Karoline Leavitt.Israel consulted with the United States before launching massive air raids on the Gaza Strip overnight. White House Press Secretary Karoline Leavitt said late on Monday that the Israeli government had informed the US administration of the impending assault. The wave of bombing, which killed at least 404 people according to Gaza’s Ministry of Health, has shattered the ceasefire between Israel and Hamas, which was brokered by the US, Qatar and Egypt and implemented in January. “The Trump administration and…

RALEIGH, N.C. (AP) — The University of North Carolina Board of Governors has chosen the next person to lead the state’s largest public university by enrollment after its longtime chancellor is set to retire soon.Kevin Howell was named the next chancellor of North Carolina State University — and the first Black person to lead the institution in its 138-year history — at the public university governing board’s Tuesday meeting. He will succeed Randy Woodson, who has served in the role since 2010 and is one of the university system’s longest-serving chancellors. Howell is the chief external affairs officer for the…

The FCA and the PRA have decided to abandon their proposed plans to introduce new rules aimed at enhancing diversity and inclusion within the financial services sector. This decision marks a significant shift from their earlier position announced in September 2023, where they had launched a consultation to set up a new regulatory framework for Diversity and Inclusion (D&I), claims ESG Today.Initially, the proposals by the FCA and PRA included mandates for firms to develop comprehensive D&I strategies, which would outline clear objectives and methods for achieving these goals.Furthermore, it was suggested that boards should take responsibility for maintaining and…

A landmark study by the University of Groningen has demonstrated the tangible financial benefits of digital health engagement, revealing that insurers can cut healthcare costs by up to 5.3% over the next two years. The research, which analysed a major Dutch health insurer’s data, highlights the potential of digital platforms to drive user engagement and reduce the strain on healthcare systems. At the forefront of this transformation is dacadoo, whose second-generation platform not only enhances engagement but also leverages AI and behavioural science to optimise underwriting and dynamic pricing.FinTech Global’s Harry Slade sat down with President and CEO of dacadoo,…

EcoVadis, a leader in business sustainability ratings and solutions, has expanded its portfolio with the introduction of the Carbon Data Network.According to ESG Today, this innovative data exchange platform is designed to facilitate the collection of reliable primary carbon data from suppliers.The launch of this network addresses a crucial need within the corporate world for enhanced greenhouse gas (GHG) emissions reduction strategies. As companies strive to meet their net zero commitments, they encounter significant hurdles due to the imprecise and inconsistent data currently available. This new tool aims to simplify the tracking of Scope 3 indirect emissions and supports better…