Tag: Compliance
29 articles tagged Compliance
NatWest deploys AI across trade finance operations
NatWest is automating document checks and money-laundering screening in trade finance with Cleareye.ai, as the FCA pushes banks to test AI in real conditions.
Every leading AI model fails EU law checks, study finds
A study by non-profit Aithos found all 12 leading AI models broke EU law in compliance tests, with the weakest failing in 93% of scenarios.
EU AI Act omnibus deal pushes high-risk deadlines to 2027, narrows scope
EU governments and Parliament have agreed an AI Act 'omnibus' deal that delays high-risk compliance to December 2027 and carves out machinery, while adding a deepfake ban.
EU AI Act Omnibus extends high-risk deadlines to 2027, widens SME relief
The EU's 7 May AI Act Omnibus agreement extends high-risk AI system deadlines to December 2027 and extends SME compliance simplifications to mid-caps up to 750 staff.
EU strikes deal to delay AI Act high-risk rules and exempt industry
Restrictions on high-risk AI uses will be postponed to December 2027, and most industrial AI applications are exempted, after pressure from Germany and the US.
EU AI Act trilogue stalls overnight — August compliance date back in play
Parliament and Council failed to agree on the Digital Omnibus reform after 12 hours of talks. Without a deal next month, Annex III rules apply on 2 August 2026.
UK financial services lacks shared AI governance standard, Zango report warns
Lloyds, Monzo and Stripe leaders warn that UK FS firms are solving AI governance independently. US and Singapore have sector-specific standards; the UK does not.
61% of UK financial services staff now use generative AI daily, Smarsh finds
A 2,000-person Smarsh survey shows daily generative AI use across UK financial services and insurance, with only 32% confident their firm can monitor the output.
EU Council Proposes Delaying AI Act High-Risk Rules by Up to 16 Months
The EU Council has proposed extending deadlines for high-risk AI system rules by up to 16 months, with new dates of December 2027 and August 2028.
EU Council agrees to delay and simplify AI Act high-risk rules
The EU Council has adopted its negotiating position on streamlining the AI Act, pushing back deadlines for high-risk systems and extending SME exemptions.
Goldman Sachs and Deutsche Bank Test Agentic AI for Trade Surveillance
Major banks are trialling AI agents that can reason through trading patterns in real time, moving beyond static rule-based monitoring for compliance.
Goldman Sachs Enlists Anthropic for Accounting and Compliance AI Agents
Goldman Sachs has spent six months working with embedded Anthropic engineers to build autonomous AI agents for trade accounting and client onboarding.
How AI Is Transforming Debt Collection Into Responsible Recovery
AI-powered debt collection balances recovery rates with compliance and customer dignity through predictive scoring, personalised communication, and automated workflows.
Data Governance Emerges as Critical Factor in AI Project Success
Sixty percent of enterprises will fail capturing AI roadmap value due to inadequate data governance, whilst over half don't track basic data quality metrics.
AI Exposure Gap: 78% of Organisations Fail to Encrypt AI Data
Tenable research reveals one in three AI adopters experienced breaches due to foundational security failures rather than model attacks, as companies scale AI faster than security capabilities.
One-Size-Fits-All AI Guardrails Fail Enterprises, Expert Argues
Knostic co-founder explains why enterprises need persona-based access controls that tailor AI responses by role and context, not blanket content filters.
