NEWS
NatWest launches Digital Carbon Planner for UK businesses
NatWest has announced the launch of its Carbon Planner , a free to use digital platform designed to help UK businesses manage their future fuel and operational costs and reduce their carbon footprint to help them go and grow greener .
NatWest research revealed that more than 72 % of businesses expect their business will face increased difficulty in light of inflationary challenges citing increased costs of energy ( 56 %), increased costs of materials ( 56 %) and increased interest rates ( 37 %) as the most challenging effects of inflation .
“ Climate change is one of the biggest global challenges we face today and small businesses have a critical role to play in helping the UK realise its green ambition ,” said Alison Rose , Chief Executive Officer of NatWest Group . “ NatWest Group is committed to supporting its customers to understand and reduce their emissions . The launch of Carbon Planner is an important example of how we are putting tools in the hands of our customers to use their own data to cut costs and carbon emissions .”
The NatWest Carbon Planner , which will launch later in 2022 , is a tailored platform that provides personalised actions to enable customers inputs , enabling them to make decisions as part of their plan when looking to reduce their carbon emissions , while outlining the financial impact of doing so . NatWest ’ s A Springboard to Sustainability report estimated that 55-70 % of business cases to reduce emissions will make financial sense for SMEs by 2030 .
FINOM selects Resistant AI to strengthen moneylaundering defences
Resistant AI , AI and Machine Learning financial crime prevention specialists , has announced that FINOM , a Netherlands-based B2B FinTech platform for small businesses and professionals , has selected Resistant AI Transactions Forensics to bolster its anti-money laundering measures .
Resistant AI will overlay and enhance FINOM ’ s transaction monitoring system to provide valuable context and uncover new types of unusual and anomalous behaviour . Within Europe , Europol estimates the value of suspicious transactions in the hundreds of billions of Euros – at an equivalent of 1.3 % of the EU ’ s gross domestic product ( GDP ).
“ In a world that is seeing ever-increasing incidents of fraud and money laundering , we need to have the most effective tools and techniques to detect suspicious activities ,” said Sergey Petrov , Co-founder and Managing Director at FINOM . “ On the other hand , they should not create any friction or obstacles for legitimate clients . Resistant AI ’ s solution perfectly complements FINOM ’ s AML and Anti-Fraud programme with its explainable AI , ensuring transparency to AML analysts as well as the regulator .”
Resistant AI ’ s technology enhances FINOM ’ s existing in-house transaction monitoring system by adding additional context to existing alerts , the ability to detect previously unknown types of suspicious behaviour and deliver intelligent alert prioritisation allowing analysts to focus on the highest risk cases first . �
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