Jacob Parker-Bowles Fintech in Asia

  Introduction Artificial Intelligence (AI) is becoming a critical driver of socioeconomic transformation in developing nations. In Southeast Asia, Cambodia is increasingly emerging as a promising landscape for AI development and digital innovation. Despite historical infrastructural and educational challenges, the Kingdom of Cambodia is demonstrating a proactive stance in shaping a technologically inclusive future for its citizens. Through strategic policy implementation, international partnerships, and capacity-building efforts, the Cambodian government is aligning itself with the global digital economy while ensuring national sovereignty and developmental equity. The Strategic Role of the Cambodian Government The Royal Government of Cambodia has acknowledged the pivotal role of AI and digital transformation in its policy frameworks. The "Cambodia Digital Economy and Society Policy Framework 2021–2035" stands as a cornerstone initiative, outlining the vision to develop ...

In an increasingly complex global financial landscape, Artificial Intelligence (AI) is emerging as a crucial tool in enhancing compliance processes, particularly in Anti-Money Laundering (AML) and Know Your Business (KYB) practices. This blog post delves into how AI is reshaping these critical areas, addressing global challenges, and navigating the intricate web of international sanctions. Introduction The financial industry faces mounting pressure to comply with stringent regulations aimed at combating money laundering, terrorist financing, and other illicit activities. AML and KYB protocols are at the forefront of these efforts, requiring businesses to verify identities, monitor transactions, and ensure they are not facilitating illegal activities. However, traditional compliance methods often struggle to keep pace with the sophistication of financial criminals and the sheer volume of transactions. Enter Artificial Intelligence—a transformative technology offering new possibilities f...