Blogs
The Importance of Data in Digitalization
Technology and data are key to helping Financial Institutions (FIs) achieve the goal of creating the frictionless client journey. Good data is crucial for enhanced compliance, enabling a superior customer experience and improving operational efficiencies,
KYC and Customer Onboarding for Fintechs
As more competitors enter the market,fintechsthat want to stay ahead are focusing on digital transformation initiatives to improve the know your customer (KYC) and customer onboarding experiences of customers who are increasingly tech-savvy and driven by h
6 Ways FATFs Changes to Ultimate Beneficial Ownership will Affect Your Risk Based Approach
Anyone without a strong compliance background may wonder why the Financial Action Task Force (FATF) matters as it’s only an advisory body, but this advice often becomes international law. So, the changes to Recommendation 24 should be considered carefully.
What is money laundering? A basic guide to AML
It’s estimated that globally the anti-money laundering (AML) market is poised for rapid growth over the next eight years, with an anticipated value of$5.77 billion by 2030up from $1.63 billion in 2021. Money laundering causes approximately$2 trillionin dir
Why transaction monitoring needs AI
Many of the previously analogue formats of fighting financial crime are now in need of technological solutions to keep up with the digital world, transaction monitoring needs AI to handle the rapidly evolving landscape of payments and remittances.
