By Narasimham Nittala Overview Artificial Intelligence (AI) is embedded deeply in financial services—from credit scoring and fraud detection to AML screening, customer service automation, and algorithmic […]
Category: Articles
AI Hallucination Risk in Financial Systems
A Hallucination is a sensory perception (such as a visual image or a sound) that occurs in the absence of an actual external stimulus and […]
CIRO Cybersecurity Incident – August 2025
As we know, on August 11, 2025, the Canadian Investment Regulatory Organization (CIRO) identified a Cybersecurity threat and as a precaution, CIRO proactively shut down […]
NIST AI Risk Management Framework: GOVERN 1.1
NIST AI Risk Management Framework: GOVERN 1.1 The NIST AI Risk Management Framework (NIST AI RMF) helps organizations manage risks related to AI, while balancing their goals […]
Deloitte Canada Acquires Allevar to Strengthen Financial Crime, AML, and Compliance Capabilities
Toronto, July 3, 2025 – In a move to expand its regulatory compliance and financial technology capabilities, Deloitte Canada has acquired Allevar, a Toronto-based firm […]
What is Smart Third-Party Risk Management (Smart TPRM)?
Smart TPRM is a more dynamic, risk-intelligent, and technology-enabled evolution of TPRM. It is a risk-centric, lifecycle-driven approach to managing relationships with external providers—especially those […]
FCA Proposes Free Financial Advice to Millions: Policy Shift Analysis
The UK’s Financial Conduct Authority (FCA) has unveiled a proposal to allow banks, pension firms, and other financial providers to offer simplified, potentially free financial advice to millions […]
AI GRC in the Age of Artificial Intelligence: More Questions And More Actions!
It is well known that the FSI is perhaps the most regulated workspace in this world. A lot is being discussed on Artificial Intelligence Governance, […]
Are Canadian Credit Unions geared up against Cybersecurity risks? An oft discussed topic that continues to draw attention!
Credit Unions reflect an unique financial fabric in Canada’s economy. These age-old financial institutions were among the first pioneers in introducing financial discipliee and ownership […]
Open Banking in Canada: At the Crossroads?
As the global financial ecosystem pivots toward digital transformation, open banking is emerging as a catalyst for innovation, transparency, and consumer empowerment. Countries like the […]