Insights

February 2025 marks the beginning of the regulatory shift towards the implementation of the EU Artificial Intelligence Act, or the so-called AI Act.

By 2 August 2027, every financial institution in Europe will have to comply with one of the most significant and wide-reaching AI regulations to date, becoming accountable not only for what their AI does but also for how it was built. Moreover, most of the requirements of the AI Act will already become applicable by 2 August 2026

In line with the Dutch National Bank (DNB) licensing requirements, your payment institution is required to have an internal audit function in place. A strong internal audit (IA) function is crucial to creating a structure for risk management, supporting compliance activities, and providing opportunities to improve business performance.

You want to make well-informed strategic decisions within your organisation. Therefore, you need to be able to trust the data you base those decisions on. Easier said than done. How do you design the procedures and activities to assess and improve the accuracy, completeness, reliability, and relevance of your data?

In today's interconnected global economy, the relevance of Anti-Money Laundering (AML) practices cannot be overstated. As financial transactions cross international borders with increasing frequency, the risk of money laundering and financing illicit activities becomes a critical concern for organisations worldwide.

Artificial Intelligence (AI) is transforming industries globally, offering unprecedented opportunities for innovation, efficiency, and growth. However, alongside these opportunities come significant challenges, and risks.

In the last decades, various corporate scandals and failures, have been attributed to flaws in their organisational culture. That’s why organisations should conduct regular assessments of the status of their culture.