Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy.
“Every company, investor, & bank that screens new & existing investments for climate risk is simply being pragmatic” - Jim Yong Kim (Former President, World Bank) As per Prudential Regulation...
"If you really think that the environment is less important than the economy, try holding your breath while you count your money." – Dr. Guy R. McPherson (award-winning scientist, professor ...
In an earlier article, I had explained why there is a need for financial institutions (FIs) to implement holistic trade surveillance. However, implementing it is easier said than done. FIs need to th...
If we think trade abuse and market manipulation is generally passé and that financial institutions (FIs) should no longer worry about rogue trading activities such as those perpetrated in the past by...
“Nobody phrases it this way, but I think that artificial intelligence is almost a humanities discipline. It's really an attempt to understand human intelligence and human cognition.” — Sebastian Thrun...
“The real question is, when will we draft an artificial intelligence bill of rights? What will that consist of? And who will get to decide that?” — Gray Scott (futurist, techno-philosopher and amongst...
Background AnaCredit (analytical credit dataset) is a three-stage project that was launched by the European Central Bank (ECB). In April 2014, ECB had announced the establishment of a central credit r...
In response to the 2008 global financial crisis (GFC), financial institutions (FIs) perforce had to undertake numerous corrective actions for restoring their credibility. Transforming their regulatory...
In an earlier article entitled “The unquenched longing for a transformed KYC-AML solution” I had talked about the key challenges that financial institutions (FIs) have been facing with regards to the...
As per the United Nations Office on Drugs and Crime (UNODC) estimate, each year, across the globe, the value of money that is laundered equate to 2 - 5% of the global GDP. In absolute term, this amou...