With shrinking profits due to the financial impact of the pandemic and increasing regulatory costs, banks are looking to leverage tech to improve their compliance processes—providing a boon for regtechs, with the global market expected to reach $16 billion in 2025, up from $6.3 billion today.

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    News | 2021-04-07
    ABN Amro and Rabobank in the Netherlands are Working with Technology that Helps Combat Financial Crime, but Maintains Client Privacy

    ABN Amro (AMS:ABN), a Dutch bank with headquarters in Amsterdam, and Rabobank, a Dutch multinational banking and financial services group, are reportedly working with research platform TNO in order to test technology that allows banking institutions to share data that’s used for identifying financial crime while maintaining customers’ privacy.

    News | 2021-04-01
    Firms that use AI need to understand every part it for regulators to get fully on board, FinCrime experts warn financial institutions

    AN EXPERT IN FinCrime compliance has warned that the use of artificial intelligence in AML needs to be backed up by a robust understanding of how it works.