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Boost ESG Investment Analysis: GIST Impact Leverages Global Canopy Datasets for Enhanced Insights
GIST Impact has partnered with Global Canopy to enhance how financial institutions assess deforestation risks in their decision-making processes. This collaboration merges Global Canopy’s datasets—Forest IQ and Forest 500—with GIST Impact’s analytics platform, allowing investors and banks to evaluate their exposure to deforestation and its financial implications. The integration aims to standardize deforestation risk analysis across the financial sector and promote better environmental, social, and governance (ESG) outcomes. GIST Impact plans to expand the Forest IQ dataset and support Global Canopy in broadening its reach, ultimately fostering greater accountability for environmental impacts in business operations.
Transforming Challenges into Triumphs: How GRC Professionals are Shaping Success in 2025
Drata’s report, “The State of GRC 2025: From Cost Center to Strategic Business Driver,” emphasizes the critical importance of a comprehensive governance, risk, and compliance (GRC) framework for business success and customer trust. Survey findings reveal that 96% of GRC professionals see increased focus on GRC due to data breaches and compliance penalties. Key challenges include brand safety risks (51%), security breaches (49%), and difficulties in adapting to compliance changes (48%). While 46% believe AI can enhance compliance, concerns about AI biases (43%) and errors (39%) persist. Notably, 98% emphasize the need for effective communication of GRC achievements to stakeholders.
Transforming Finance: 83% of Firms Embrace Generative AI with Plaid Pioneering IDV Innovation
Plaid has launched significant upgrades to its identity verification (IDV) product to combat the rising threat of AI-enabled fraud. The enhancements, announced on May 13, include tools for deepfake detection, synthetic media recognition, facial duplicate identification, age estimation, and adaptive verification flows. These features aim to streamline verification for low-risk users while increasing scrutiny for high-risk individuals. As financial institutions adopt AI, the risk of fraud has escalated, prompting a need for robust identity verification tools. Plaid’s upgrades come amid a 400% surge in IDV usage and a $575 million funding round to expand fraud prevention capabilities.
Flagright and Integrated Finance Join Forces to Simplify FinTech Compliance Solutions
Flagright has partnered with Integrated Finance to enhance FinTech integration processes by streamlining compliance and core infrastructure workflows. This collaboration allows FinTech teams to develop and deploy products faster by utilizing pre-mapped APIs, reducing complexity in vendor connections and accelerating go-to-market timelines. Integrated Finance offers essential banking infrastructure, while Flagright provides robust compliance solutions, including real-time AML monitoring and AI-powered forensics. The partnership supports various applications, such as multi-currency wallets and lending platforms, with a focus on improving customer experience and enabling innovation without sacrificing speed or security.
UK Firms Lead European WealthTech Market: Top 10 Deals of 2024 Highlight Dominance
In 2024, European WealthTech funding plummeted 65% year-over-year to $5.4 billion across 272 deals, down from $15.6 billion in 2023 and a 71% drop in transaction volume. Compared to 2020, funding decreased by 52%, with a 75% decline in deal volume. Despite this, the average deal value rose to $19.9 million, indicating a shift toward larger, risk-averse investments. The UK remains the leader in the sector, while Switzerland re-entered the top 10 for investments. Alpian secured a notable $84 million funding round, reflecting confidence in its digital wealth management solutions and significant client growth.
Mastering Generative AI Compliance: Essential Strategies for Success in 2025
In 2024, generative AI continued to reshape industries, with startups innovating and tech giants expanding their capabilities. Zeidler Group, a RegTech platform for asset management, highlights key insights for businesses navigating AI compliance. They emphasize the creation of a robust Acceptable Use Policy (AUP) to mitigate regulatory risks, the importance of AI continuity planning amidst potential outages, and the need to stay informed without being overwhelmed. Furthermore, companies should critically evaluate AI claims and prioritize functionality. Zeidler is committed to fostering collaboration and innovation in this evolving landscape, preparing for the future growth of generative AI.