Tags: Risk
Revolutionizing Customer Risk Ratings: The Impact of Federated Learning and Machine Learning
Customer Risk Ratings (CRRs) are vital for anti-money laundering and counter-terrorist financing efforts, yet many financial institutions still use outdated models reliant on static data…
Revolutionizing Property Risk Assessment: Cytora and LightBox Join Forces to Empower Insurers
UK InsurTech leader Cytora has partnered with US property data expert LightBox to revolutionize property risk assessment for insurance companies. This collaboration integrates Cytora’s digital…
Glossier’s Unicorn Status at Risk: New Report Reveals Potential Challenges
Glossier is reportedly seeking to raise $100 million at a valuation below $1 billion, as it navigates a competitive beauty market. Once valued at $1.8…
Amazon’s Ongoing Data Breach: Stalkerware Victims’ Information Still at Risk Weeks Later
Amazon’s Cloud Services are facing scrutiny for hosting surveillance apps like Cocospy, Spyic, and Spyzie, which allegedly compromise user privacy by storing sensitive data from…
CFPB Halts Enforcement Actions: Consumers Risk Losing $2 Billion – What You Need to Know
The Consumer Financial Protection Bureau (CFPB) has withdrawn its lawsuit against Capital One, which accused the bank of misleading customers about interest rates on its…
SimCorp Boosts Axioma Risk with LSEG’s Yield Book for Superior Fixed Income Analytics
SimCorp has enhanced its risk management solutions by integrating Yield Book, a fixed income analytics platform from LSEG Analytics, into its Axioma Risk system. This…
Single Default Password Puts Multiple Apartment Buildings at Risk: A Security Wake-Up Call
A critical security vulnerability in the Enterphone MESH door access system has been uncovered, allowing unauthorized remote access to door locks and elevators in buildings…
Navigating KYC Compliance and Risk in 2025: A Strategic Guide for Banks
In 2025, financial institutions will prioritize Know Your Customer (KYC) solutions to enhance anti-money laundering (AML) efforts amid stricter regulations and evolving customer expectations. The…
French FinTech Funding Plummets 40% in 2024 Amidst Diminished Investor Risk Appetite
In 2024, the French FinTech sector experienced a significant decline, with funding dropping 40% year-over-year to $2.2 billion and a 64% decrease in deal activity,…
eBay Acquires Caramel: Simplifying Online Car Sales and Minimizing Risk
eBay plans to acquire Caramel, a startup aimed at simplifying the car buying and selling process by streamlining verification, financing, paperwork, ownership transfer, and insurance.…
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