Nasdaq Verafin Deploys AI Agents for AML Compliance
As financial institutions face increasing compliance pressures, Nasdaq Verafin has introduced a platform that applies agentic artificial intelligence to assist with certain anti-money laundering (AML) processes. Verafin, known for its cloud-based financial crime management solutions, recently unveiled its Agentic AI Workforce platform. The platform leverages AI agents to automate common compliance tasks with minimal human […]
Legislation Requiring Cash Acceptance Faces an Uphill Battle
Two U.S. Senators have introduced the Payment Choice Act, the latest attempt to ensure that consumers can use cash at physical retail stores. While several states and cities have passed similar laws, previous efforts to enact cash acceptance legislation at the federal level have stalled. Under the proposal, businesses that accept in-person payments at a […]