Corlytics

📑The AI Act and GDPR interplay appears to introduce some legal uncertainty for financial services firms. The AI Act aims to mitigate discrimination in high-risk AI systems, while the GDPR imposes stricter limits on processing special categories of personal data. This difference in purpose raises compliance challenges, particularly in credit scoring, insurance pricing, fraud detection, and automated decision-making. Financial services firms using AI for customer assessments or risk modelling must manage stricter data protection requirements while ensuring bias detection and correction. Legislative reform or regulatory guidance may be needed to clarify obligations to allow the furthering of responsible AI-driven processes within financial services. At Corlytics, we help institutions move beyond fragmented approaches to regulatory risk intelligence that enhances security, efficiency, and compliance. 📌Contact us at https://lnkd.in/e8chvMmW or [email protected] for more information or a demo. www.corlytics.com or click the 🔔 on our LinkedIn page to follow us ❓How is your organisation preparing for these regulatory shifts? #EU #GDPR #AI #RegulatoryRisk #Regulation #Regtech

AI governance in focus with lessons from DeepSeek vs OpenAI Corlytics' Chief Data Officer, Oisin Boydell, discusses the recent controversy around DeepSeek AI and OpenAI. He talks about AI governance and what is happening, and not happening. So, what do we need: 🔹 Transparency and accountability – The need for clear governance and regulatory frameworks to ensure AI systems meet ethical standars. 🔹 Open-source vs proprietary models and the balance of innovation with security risks within AI development and that tricky topic, distillation. 🔹 Regulatory challenges and how to better manage these challenges. At Corlytics, we help institutions move beyond fragmented approaches to regulatory risk intelligence that enhances security, efficiency, and compliance. 📌Contact us at https://lnkd.in/e8chvMmW or [email protected] for more information or a demo. www.corlytics.com or click the 🔔 on our LinkedIn page to follow us ❓How is your organisation preparing for these regulatory shifts? Read more on what this means for the future of AI governance here https://lnkd.in/eNr6AygM

Good morning, we hope you had a good weekend. This week’s RegTech eXtra covers some of the recent regulatory developments from the UK’s potential dissolution of the Payment Systems Regulator (PSR) to Lord Holmes's AI report, the OECD’s push for AI incident reporting and the EU’s latest AML measures for virtual IBANs. This week's round-up also features several reports including the Compliance Officer Stress & Mental Health report. Here’re some of the updates in brief: ⚖️ AI regulation – Lord Holmes urges urgent legislative action on AI risks, while the OECD pushes for a global AI incident reporting framework. 🛡️ Stronger AML measures – the EU introduces new AML rules for Virtual IBANs, reinforcing due diligence requirements for digital banking. 🔹 Crypto enforcement surges as the UK secures its first-ever criminal conviction for operating an illegal crypto ATM network. 🏦 UK’s Payment Systems Regulator (PSR) faces potential shutdown. The government is considering scrapping the PSR, with its functions possibly merging into the FCA. 🇦🇺 Australia sets a global precedent – the world’s first Scam Prevention Act comes into force, mandating strict fraud prevention measures. 💡 NACD Governance Outlook 2025 – a must-read report on five critical challenges boards need to tackle, including AI risks, audit oversight and reputation management. 🔎 AI in insurance under scrutiny - regulators tighten oversight on AI-driven underwriting models to prevent bias and data security risks. 🤖 The rise of agentic AI – AI systems capable of autonomous decision-making are transforming banking and fraud detection but raise governance concerns. 📊 Stress in compliance roles reaches new highs: a new industry report reveals rising anxiety and burnout among compliance professionals. 💬 Quote of the Week "Whether it’s discrimination and bias in AI algorithms, disinformation from synthetic imagery, scams using voice mimicking technology, copyright theft or unethical chatbot responses, we are already facing a host of problems from existing AI. When I first proposed my private members' bill in 2023, regulating AI was urgent - but today, I believe it is even more pressing." – Lord Holmes via ComputerWeekly.com 👇 Click the LinkedIn article to read more 👇 📩 Stay ahead by getting weekly industry updates – subscribe to the full RegTech eXtra to receive content carefully handpicked for you in your inbox 📨 – link in the comment section. Have a great week. #regtechx #AI  #compliance #regulation #fintech #regtech

Why not check out all the regulatory and compliance articles on Compliance Corylated 🔗https://lnkd.in/eUBMb6Sn Any favourites? Our team: Rachel Wolcott Lindsey Rogerson Niece Prayoonrat & Finley Mullen at the home of great compliance journalism. Powered by Corlytics Contact Corlytics at https://lnkd.in/e8chvMmW or [email protected] for more information on how we help our clients with staying regulatory compliant or a demo. www.corlytics.com or click the 🔔 on our LinkedIn page to follow us.

"In the opinion of Oisin Boydell, Chief Data Officer at Corlytics, AI compliance and AI regulation are two directions of the same highway, that are closely linked." This and plenty of other interesting comments in this article from RegTech Analyst. 📢Please do reach out to Corlytics if you'd like to know how were working with AI. https://lnkd.in/e8chvMmW or [email protected]

💥Viral misinformation and banks must do better. A single post, especially when it involves 'free money' can become viral at speed. The latest article from Compliance Corylated highlights the pressing need for financial institutions to become a lot more agile in managing this activity. At Corlytics, we may not be able stop viral TikToks but we do simplify the implantation of regulation so compliance teams can focus on proactive risk management, including this type of activity where more compliance is being put into place. Contact Corlytics at https://lnkd.in/e8chvMmW or [email protected] for more information or a demo. www.corlytics.com or click the 🔔 on our LinkedIn page to follow us. Full article here 🔗https://lnkd.in/exFUdFGJ #Regtech #Compliance #SocialMedia #ViralPosts

📢🏆Corlytics' Anna Antimiichuk is a Finalist in the UK Fintech Awards 2025 in the 'Rising Star' category. Roll on awards night. #UKFintechAwards #Corlytics #Awards

🧭The future of Alternative Investments & a Patchwork of Regulations The latest white paper from Nicsa , 'The Future of Alternatives in Asset and Wealth Management 2025' tells us that global AUM in alternatives is projected to hit $23 trillion by 2027. The report covers the increasing importance of technology, data analytics and regulatory compliance in better managing regulatory complexity and business growth. Indeed it talks of the 'patchwork of regulations' that asset and wealth managers must manage across multiple jurisdictions. At Corlytics, we know that managing this regulatory complexity requires a dual approach to regulation, that is (a) a deep understanding of regulatory frameworks and (b) regulatory technology for some of the heavy lifting, helping to provide clarity. Our regulatory intelligence solutions help our clients to stay ahead of changes and maintain better compliance. How Corlytics can help 📌Regulatory intelligence and horizon scanning to keep firms informed of regulatory changes as they happen 📌Risk based regulatory mapping to align compliance strategies with regulatory expectations 📌AI powered regulatory change management to reduce manual effort and improve decision making Contact Corlytics at 👉 https://lnkd.in/e8chvMmW or [email protected] for more information or a demo. www.corlytics.com You can read the full white paper here 🔗https://lnkd.in/eccQFdRa Forwards by Jim Fitzpatrick #AssetManagement #WealthManagement #RegTech #Compliance #AlternativeInvestments

☕ RegTech that give you time to grab that morning tea or coffee? Thanks to Corlytics and automated regulatory change management. Ever wish you had more hours in the day? With Corlytics' automated regulatory change management, you can stop drowning in compliance updates and start enjoying time to do other things. Less manual work, leaving time for higher value work AND time to enjoy time with colleagues. Let Corlytics handle the heavy lifting. Your compliance team will thank you. How Corlytics can help 📌Regulatory intelligence and horizon scanning to keep firms informed of regulatory changes as they happen 📌Risk based regulatory mapping to align compliance strategies with regulatory expectations 📌AI powered regulatory change management to reduce manual effort and improve decision making Contact Corlytics at 👉 https://lnkd.in/e8chvMmW or [email protected] for more information or a demo. www.corlytics.com #Compliance #RegTech #Automation #Regulatory

Corlytics' Oana Rotariu will be attending Insurtech Insights European conference in London. This event is sponsored by Corlytics Please reach out to Oana if you'd like to meet up during the event Corlytics, we help insurance firms move beyond fragmented approaches to regulatory risk intelligence that enhances security, efficiency, and compliance. 📌Contact us at https://lnkd.in/e8chvMmW or [email protected] for more information or a demo. www.corlytics.com or click the 🔔 on our LinkedIn page to follow us #InsurtechInsights #Regtech #Insurance