The AI market has rapidly evolved from cautious adoption to becoming a critical component of business operations, with its value projected to surpass one trillion dollars by 2031. Companies are embedding AI into workflows and enhancing customer experiences, highlighting its shift from a background tool to a core business asset.
Financial Software and Systems (FSS) has become the first payments company in India, the Middle East, APAC, and South Africa to achieve ISO/IEC 42001 Certification, highlighting its commitment to ethical AI use in payments technology. The certification establishes a structured AI governance framework, positioning AI oversight as a core business priority alongside information security and quality management.
This article explores the differences between AI agents and agentic AI in financial crime compliance, highlighting the transformative potential of agentic AI to enhance efficiency, reduce risks, and empower compliance teams.
Indonesia and Malaysia have become the first countries to block access to the Grok AI chatbot due to its misuse in generating non-consensual deepfake images. This decisive action highlights key lessons for smaller states on effectively governing AI platforms operating beyond their borders.
AI adoption is growing rapidly across organizations, but significant risks arise from inadequate data access, visibility, categorization, and management. Many organizations lack a clear understanding of their information environments, causing AI governance to exist only on paper.
Nigeria is poised to introduce comprehensive regulations for artificial intelligence, positioning itself as a leader in AI governance in Africa. The National Digital Economy and E-Governance Bill aims to establish rigorous oversight of AI systems, ensuring ethical standards and promoting innovation while safeguarding against potential risks.
A high-level workshop in Thimphu aims to enhance Bhutan’s AI policy and governance, focusing on safe AI adoption and inclusive digital spaces. Participants, including government officials and educators, are addressing urgent needs for regulatory frameworks and the implications of AI in various sectors, with recommendations to be compiled into a white paper for GovTech.
The UK government has launched a new AI Engineering Lab to help public sector software teams adopt AI coding assistants and enhance digital service delivery. Building on earlier trials, the initiative focuses on governance, developer experience, and integrating AI tools throughout the software development lifecycle.
Join our upcoming webinar where AI experts discuss key developments from 2025, upcoming compliance deadlines, and the implications of the Digital Omnibus Package for high-risk AI systems. Engage in an interactive Q&A to address your specific concerns.
SMBC Americas is implementing Fenergo’s AI solutions to enhance KYC and AML compliance as part of a multiyear transformation strategy to simplify technology infrastructure and reduce manual processes, achieving up to 80% reductions in review times.
