Mozn Launches Agentic AI for Financial Crime Prevention
'The launch of FOCAL's Agentic AI marks a bold step forward in our mission to outpace financial crime through innovation,' said Malik Alyousef, Co-founder and Chief Operating Officer at Mozn. 'Along with the introduction of FOCAL Financial Crime Analytics, institutions can now unify scattered data from across their financial crime systems into a single, intelligent view – enabling sharper insights, faster investigations, and smarter decisions. Combined, these new additions deliver AI-driven precision and real-time intelligence needed to stay ahead of evolving threats, strengthen compliance, and build lasting trust in the digital economy.'
This continuous innovation is also being recognized across the industry. FOCAL's growing strength in AI-powered risk and compliance continues to gain industry-wide recognition. It was recently recognized as a Best-of-Breed solution by Chartis Research in Client Lifecycle Management (CLM) for wealth management, corporate and investment banking, a distinction that reinforces its leadership in financial crime prevention and compliance. 0 0
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Crypto Insight
4 days ago
- Crypto Insight
UK allows retail access to crypto ETNs, signals push to become crypto hub
The United Kingdom's financial regulator lifted a ban on crypto exchange-traded notes (cETNs) for retail investors in a move welcomed by industry leaders as a step toward aligning the UK with global crypto markets as a digital asset hub. On Friday, the UK's Financial Conduct Authority (FCA) reversed the ban on retail access to cETNs, with regulatory changes taking effect from Oct. 8. The ban was enforced in January 2021, citing extreme volatility and 'lack of legitimate investment need.' Lifting the cETN ban reflects a change in the regulator's approach to crypto assets. In a statement, an FCA executive said the decision reflected how the market had evolved and how crypto-related products are better understood. Industry stakeholders and onlookers shared their thoughts on the development. Some hailed the move as a step toward progress, while others criticized the UK, using satire. Community reacts to FCA lifting the ban on crypto ETNs 'We are delighted to see this reversal,' said Ian Taylor, board adviser at CryptoUK and chief operating officer of HT Digital. 'Until now, the UK has been an outlier on ETNs. This change reflects the progress we've made toward introducing a more proportionate approach to consumer risk.' Taylor told Cointelegraph that CryptoUK, a trade association for the digital asset industry, has been lobbying for more inclusive access to regulated products like ETNs, which track the performance of crypto assets without requiring direct ownership. Riccardo Tordera, the director of policy and government relations at the UK-based payments industry body, The Payments Association, echoed Taylor's optimism: 'The intrinsic nature of crypto means it can be accessed by everyone, from everywhere. The FCA ban on retail access to certain crypto products was hindering the UK's chances of becoming a global crypto hub.' Tordera told Cointelegraph that the FCA's decision allows individuals to 'make their own choices at their own risk.' He said restricting access to the cETNs had put the UK at a disadvantage, undermining its global competitiveness. 'This is a welcome move,' he added. 'The FCA ban was extremely protective and was already smoothed when professional investors were allowed access last year.' While some welcomed the move, skeptics also chimed in. WallStreetBets founder Jaime Rogozinski summed up the moment with sarcasm, saying, 'Britain loves financial risk —just not the kind that involves, say, vegetables or an industrial policy.' Crypto derivatives remain banned While the FCA reversed its ban on cETNs, the regulator clarified that crypto derivatives are still prohibited. 'The FCA's ban on retail access to crypto asset derivatives will remain in place,' the FCA said on Friday. Crypto derivatives include futures, options and perpetual contracts. The regulator added that it will monitor market developments and consider its approach to high-risk investments. Source:
Tahawul Tech
5 days ago
- Tahawul Tech
Do you want to get the most out of Agentic AI? Dataiku GM lists the three boxes you need to tick for success
Sid Bhatia, Area VP & General Manager – Middle East, Turkey & Africa, Dataiku, has written an op-ed that lists the THREE architectural boxes every organisation should tick in order to get the most out of Agentic AI. In the United Arab Emirates (UAE), AI is now an everyday tool. We use it as individuals, and we use it as professionals. Among the businesses that use it, the more successful implementers follow a Universal AI adoption path that changes the corporate culture from within and infuses the workforce with AI literacy. Stemming from this enthusiasm, analysts foresee AI in the UAE as a multibillion-dollar segment, with generative AI (GenAI) alone taking about US$383 million in 2025 and more than US$2.5 billion in 2031 — a CAGR of nearly 37%. But AI itself has changed. As businesses have come to understand the limitations of GenAI and the importance of taking an operationally centric approach to tool procurement, decision makers have begun to explore the idea of having AI agents with modular autonomy take over from other forms of AI. The UAE's agentic AI market garnered revenues of around US$34 million in 2024. By 2030 it is expected to be worth more than 10 times this figure — some US$352 million. At a CAGR of almost 48%, agentic AI, in the UAE at least, will be adopted at a faster rate than GenAI. As with GenAI, or any AI, or indeed any technology, procurement of agentic AI is no guarantee of success. We must be diligent about how we build our architecture, the ideal example of which, I believe, has three basic characteristics. Flexible AI waits for nobody. At its current speed of evolution, modern business IT environments find it difficult to keep pace. To stand a chance, CIOs must look at how easy or difficult it is to maintain their tech stacks. If a new version of the GPT core model arrives on the market, will it be easy to adopt, or will it require weeks of overtime work from the DevOps team and others? To streamline adoption, enterprises should ensure that the underlying framework, in which AI agents will operate, is flexible enough to support plug-and-play models. Modular architecture is crucial to the success of almost any modern technology; but if the regularity of recent versions of GPT is anything to go by, then the journey organisations will take with agentic AI is likely to be marked by particularly frequent upgrades. Architectures should be crafted around four layers: the generative model layer, the feedback layer (which implements learning loops across multiple models), the deployment layer, and the monitoring layer. Matches models to jobs To apply the FOMO principle to AI procurement is to invite disaster. The individual or team that oversees the organization's Universal AI journey should be laser-focused on business issues first and AI only as the means to overcome challenges. Organisations should be fully cognizant of what issues are being addressed by AI. Is it an exercise in optimisation? Is it the addition of a completely new business capability or a new product or a new service? Whatever is being added, it should come with a net-positive value. The AI procurement team should work with targeted beneficiaries to ensure everyone knows how to measure success and what constitutes a risk. For example, giving GenAI-powered virtual assistants to sales or customer-service employees may lift their productivity, conversion rates, and even profitability ratings. But these benefits may be neutralised if employees share sensitive data with a cloud-native model. Thankfully, formal metrics like answer correctness and B-score allow analysis of models for their suitability in a use case. 'LLM as judge' — where AI models are used to monitor the effectiveness of other AI models — is also viable. Backed by strong governance The AI journey is fraught with risk. Today, we see many organisations prioritizing speed over security, and we see AI budget growth outpacing that of IT budgets. The introduction of AI must align with the compliance obligations and financial limitations of the enterprise. The only way to achieve this is through appropriate governance. Governance has a broad remit. On the security side, it can mandate content-filtering to ensure customers are never exposed to output that would be damaging to the organisation's brand. On the financial side, it can prescribe dashboards that monitor costs and categorise them by project and user. So critical is governance to AI success that some modern AI platforms include it as part of the suite — signaling that solutions vendors now consider it as important as the building of ML models. Even when AI was in its infancy, some industry leaders were calling for 'responsible AI' that cracked open the black box and presented models' innermost workings for scrutiny. Guardrails and trust go hand in hand. Security builds trust with customers. Cost-effectiveness builds trust with the C-suite. The path to Universal AI We can have the AI future we want, but only if we apply due diligence. By ensuring we take the right steps towards security and cost-effectiveness we can introduce agentic AI in ways that produce the right results. It may be the talk of the town right now, but we must adopt agentic AI strategically if we are to prosper from its merits.
Zawya
7 days ago
- Zawya
Epiq unveils agentic AI platform as part of the epiq service cloud
Epiq announced today a first-of-its-kind agentic AI platform for the legal industry combining proprietary Epiq technology, best-in-class third-party technology, and support from Epiq service professionals. In today's disruptive environment, the legal industry is providing greater value at a pace never seen before. Agentic AI supplies enhanced decision-making capabilities bringing a new level of effectiveness and efficiency that traditional technologies cannot achieve. Built as part of the Epiq Service Cloud and grounded in legal expertise, the Epiq agentic AI platform provides a unified and scalable framework for connecting and orchestrating multiple Epiq-made and third-party agentic AI technologies tailored for legal workflows. Corporate legal departments and law firms have ready access to transformative technology underpinned by human oversight in critical areas including contracts, litigation, knowledge management, compliance, antitrust, internal and government investigations, cyber incident response, data security, and legal operations. 'AI agents offer more than incremental change — they transform legal work by embedding intelligence directly into workflows, allowing teams to move faster, reduce risk, surface new insights, and unlock sources of value and innovation, ' said Roger Pilc, President and General Manager of Global Legal Solutions, Epiq. 'The Epiq Service Cloud brings together the best in agentic legal technology to create a platform purpose-built for the legal industry.' The Epiq Service Cloud includes proprietary Epiq agentic offerings that assist with eDiscovery, deposition and witness statement preparation, early case resolution, privilege review, cyber response, HSR disclosures, antitrust matters, knowledge management, and translations. Third-party technologies, including ContractPodAI, RelativityOne, Canopy, and Microsoft Copilot custom agents, are integrated into the Epiq ecosystem. By combining these specialized agents and applications, legal professionals can efficiently complete complex tasks, reduce time and costs, and receive decision support for future work demands. 'Our firm is committed to appropriately using agentic AI to deliver legal services,' said Matthew Schwartz, Partner, Sullivan & Cromwell LLP. ' Epiq AI Discovery Assistant™ has allowed us to take a surgical approach to complex document reviews, increasing productivity by up to 10 times while achieving 90 percent recall and 70 percent precision. These results allow our teams to work more efficiently and at a pace we have never seen before.' Epiq is accelerating the adoption of AI by offering support and change management expertise. Epiq teams assist at every step, eliminating potential challenges and enabling a rapid transition from pilot to full-scale implementation of AI in workflows for corporate legal departments and law firms. The Epiq Service Cloud has more than 2,600 clients and more than 65,000 registered users. Here are some real-world examples of how the Epiq agentic AI platform and Epiq services have been used to deliver impactful results: A major commercial bank and leading law firm used Epiq agentic AI and Discovery Review Services to expedite tagging of eight million documents in response to regulatory subpoenas, reducing the number of reviewers needed to meet the deadline by more than 90 percent. Am Law 25 law firm transformed review, fact interrogation, deposition preparation, and early case assessment workflows using Epiq AI agents, saving more than $10 million in pass-through document review fees. A large construction company streamlined preparations for 41 depositions set for three weeks after receiving the incoming production, using Epiq agentic AI and Epiq Case Insights™ to reduce the time needed to create fact sheets, timelines, and deposition memos from months to 36 hours per deponent. A multinational insurance company streamlined preparation of HSR pre-merger filings by using Epiq agentic AI and Epiq service teams to handle repeatable processes, reducing review effort by 80 percent. A global law firm deployed an Epiq designed and built AI-enabled knowledge platform that augments core knowledge processes to provide more than 3,500 lawyers with improved ability to search and leverage firm know-how. 'Epiq is steadfast in its commitment to AI innovation,' said Manish Vazirani, Chief Technology Officer, Epiq Legal Solutions. 'Our investment in the Epiq Service Cloud brings AI agents together to collaborate dynamically, interpret fragmented data in real time, and execute multi-step legal tasks while flagging risks to human reviewers. By connecting the agents with Epiq expertise and support, our clients can infuse legal workflows and compliance management with greater accuracy, efficiency, and scalability.' Built over the last five years on Microsoft Azure and Amazon Web Services technologies, the Epiq Service Cloud is connecting clients with leading AI technologies, data, and legal industry knowledge to optimize the delivery of legal services. Epiq strictly adheres to data sovereignty and privacy laws, and Epiq Service Cloud has undergone the Service Organization Control (SOC) 2 Type 2 accreditation. Proprietary and third-party agents will continue to be added to the Epiq Service Cloud along with custom workflows built by clients. Epiq is inventing new ways to solve evolving challenges in legal service delivery working through Epiq AI Labs™ — a community of technologists, academics, and industry leaders focused on building foundational technology. Copyright © 2022 - All materials can be used freely, indicating the origin Provided by SyndiGate Media Inc. (
