Sigma360 has launched an AI due diligence agent that automates the investigative legwork behind enhanced due diligence (EDD), the high-risk customer checks that have become a repeat target of regulatory enforcement. The New York risk-intelligence firm says the agent can cut case-handling time by up to 87% by taking over data gathering, evidence synthesis and the drafting of a cited investigation narrative, while leaving the human analyst to make and own the final risk decisio

UK money laundering losses reached an estimated £154.83bn last year, equal to 5.16% of GDP, according to new analysis from RegTech firm Napier AI. The estimate arrives six days before Chancellor John Healey's Autumn Budget on 28 October 2026, with the Treasury under pressure from rising public borrowing to find money wherever it can. The figures come from the Napier AI / AML Index 2026 to 2027, produced with the LSE-listed analytics company GlobalData and led by Napier AI's C

By Arunjay Katakam On 9 March 2023, more than $40 billion left Silicon Valley Bank. Its supervisors had identified serious weaknesses, yet the Federal Reserve’s subsequent review found that they had been too slow to act on them. The failure was not simply a shortage of information. It was also a failure to turn warnings into decisions while there was still time. [1] Banks and regulators have begun experimenting with AI. A machine can read more transactions, connect more signa

Mizuho Bank has stopped accepting photographs of identity documents when verifying customers who open accounts online, switching instead to reading the integrated-circuit chips embedded in My Number and driving licence cards. The change, which took effect on Monday 19 October, confirms that Japan bank IC chip verification is becoming the sector default well before an April 2027 legal deadline that will make the method compulsory. The immediate trigger is a run of data breache