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Artificial Intelligence (AI) is revolutionizing industries across the globe—and the financial sector is no exception. As financial institutions seek to improve efficiency, enhance customer experience, and make smarter decisions, AI has emerged as a powerful enabler of innovation and competitive advantage. 1. AI in Fraud Detection and Risk Management One of the most critical applications […]

Understanding the VAT Shift Bolt, the Estonian ride-hailing firm, has recently shifted the 16% Value Added Tax (VAT) burden to its drivers, citing regulatory compliance with Kenya Revenue Authority (KRA) guidelines. Previously, Bolt absorbed this cost since the introduction of digital marketplace tax regulations in 2023. This move reflects Bolt’s commitment to adhering to tax […]

Understanding Corporate Governance, Risk Management, and Compliance (GRC) Corporate Governance, Risk Management, and Compliance (GRC) are three interrelated disciplines that help organizations operate ethically, efficiently, and within the bounds of the law. Together, they ensure business sustainability, protect stakeholders’ interests, and minimize risks. Corporate Governance Corporate governance refers to the framework of rules, policies, and […]