There's a scene that plays out in boardrooms across the country with remarkable regularity. The compliance update hits the agenda. A polished executive — usually the General Counsel or the Chief Compliance Officer — walks directors through a tidy presentation. Green dashboards. A few resolved exceptions. One regulatory change that legal is "monitoring closely." The board nods. The agenda moves on. Nobody in that room stops to ask the obvious question: who checked the checker?

In April 2024, more than 100,000 people woke up to find their money gone. Not stolen, exactly. Frozen. Roughly $265 million sat somewhere between a fintech app, a piece of middleware called Synapse, and four different banks — and for weeks, nobody could say with certainty whose ledger was actually correct. People borrowed money for groceries. Some delayed surgeries. A few pushed back weddings. None of them had done anything wrong. They’d simply trusted an app that looked and

There used to be a fairly easy line a company could reach for: “we didn’t set the price, the software did.” Enforcers have quietly taken that line away. Not understanding what your own pricing tool is actually doing is starting to look less like an excuse and more like the problem itself. This isn’t a story about artificial intelligence getting smarter. It’s a story about governance catching up to a risk that’s been sitting inside ordinary pricing software for a while now, mo

Picture the week before a board meeting to approve quarterly results. The finance team is stretched, like always. But this quarter, someone has a shortcut. The first draft of the management commentary, a few footnotes, and the summary for the press release were all produced by an AI tool in about twenty minutes. The team tidied them up. They read well. Honestly, they read better than last year's. The audit committee gets the pack. Nobody mentions the AI. The directors review

Executive Summary A few years back, if a regulator asked a company about its AI oversight, a nicely worded policy document and an ethics statement on the website would usually get you through the conversation. That's genuinely not true anymore, and it's not true because of one single dramatic law. It's true because a handful of state-level regulators in the US, along with EU enforcers, started asking a much more annoying question this year: prove it. The thing forcing that qu

The appointment of Saloni Narayan as an Independent Director of BalanceHero India reflects a pattern that has become increasingly visible across India’s financial services sector — one where technology-led lending and payments platforms are actively seeking directors whose judgment has been tested inside the country’s largest and most systemically important banking institutions. Her arrival on the BalanceHero India board comes at a time when the company, in common with much o

Introduction: What Are PIPE Transactions? So, let’s dive into something you might have heard buzzing around in financial circles: PIPE transactions . Don’t worry, it’s not as complicated as it sounds! PIPE stands for Private Investment in Public Equity , which is just a fancy way of saying a private investor buys shares in a publicly traded company. Often, they get those shares at a discount, which sounds like a pretty sweet deal for the investor, right? While this might seem