Blog
KYC Utilities: The Promised Silver Bullet for Nordic Banks?
The Nordic banking landscape has witnessed significant upheaval over the past few years, moving from an untarnished reputation for having the safest financial institutions in the world to being mired in a number of complex, global money-laundering scandals
Why Digitalization is the way forward for Private Banking & Wealth Management
High net worth (HNW) clients that utilize the services of a private bank have traditionally been given a bespoke, personal experience associated with luxury brands, namely their own dedicated investment advisor, personalized products and services and a rel
2008-2018: Assessing the Impact of Global AML & Sanctions Fines
Since the financial crisis started in 2008, financial institutions around the world have had to deal with regulation after regulation being introduced to increase transparency and to create a safer, robust and more transparency transparent financial system
6 Pieces of Advice for Implementing Global Client Lifecycle Management
Implementing a Client Lifecycle Management program is strategically important. However, it is one that spans many different stakeholders across the business, bringing with it many obstacles and challenges to a streamlined implementation process. Having imp
8 Major Benefits of Cloud Technology for Client Lifecycle Management
Cloud technology has developed and evolved in line with the myths that surround it. Up until 15 months ago, banks were publicly reticent about moving core banking services to the cloud for a myriad of regulatory and security concerns, including issues over
3 Regulatory Client Outreach Challenges
Regulatory Client Outreach has been a fairly prevalent feature in many financial institutions since the introduction of Dodd-Frank and EMIR, both of which mandated the collection of additional data and documentation to comply with new OTC trade rules. And
7 Ways to Improve Regulatory Document Management
At a recent AML event, a speaker from a global financial institution claimed that regulatory coverage of documentation was a hugely problematic and thorny issue for his organization. In fact, judging by the nodding heads in the audience, it’s a problem fo
Understanding transaction monitoring for payment processors
Technology has completely transformed the payments industry, having ushered in an age of faster and, in many cases, immediate payments, more flexible options, competitive foreign exchange fees, and better, all-round customer experiences. And as a result ha
Understanding OFAC and other sanctioning bodies
Sanctionsare deeply political at their core. It is why businesses face such significant penalties if they fail to implement them.Politically exposed persons(PEPs) and their relatives and close associates (RCAs) are often the subject of such sanctions or ma
Transforming Financial Services with Digital KYC and CLM
With a background in banking, I know as well as anyone that client lifecycle management processes are not where they should be. As frustrating to the clients as they are to the institutions, there’s plenty of room to improve CLM for the benefit of everyone
The Pandora Papers Reveal a Broken System
The FinCEN Files revealed money laundering to be a systemic problem, but the Pandora Papers and therecent resignationby the Financial Action Taskforce (FATF) chief, David Lewis, suggest a much more broken system, where regulators are barely tipping the ice
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