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
The 5 Most Pressing AML Challenges
One of the biggest problems with fighting financial crime is that the introduction of new regulations has done little to address the issue. Financial institutions devote significant resources to managing compliance risk and adhering to guidelines instead o
Tackling the Financial Crime Challenge in Asia-Pacific
The APAC region, home to over 40+ regulators, is one of the most complex jurisdictions in terms of regulatory compliance. Over the last ten years, the region, as a whole, has levied a total of $609 million in AML, KYC and sanctions fines, according to Fene
Middle East in Focus: 4 Regional Challenges for KYC/CDD
A primary element of the customer due diligence process is identifying the customer. KYC (Know Your Customer) guidelines are in place to ensure financial institutions can identify beneficial ownership and that they are not being used, intentionally or othe
GDPR in Context: The 6 Legal Bases for Processing
GDPR outlines six scenarios in which data processing is legally permitted. Unless the organization can show that the processing activity fits within one or more of these scenarios, then it is deemed to be unlawful to process the personal data.
Podcast: Client Lifecycle Management & the Inevitable Move to the Cloud
Historically, financial services firms have been slow to adopt Cloud technology owing to a perceived lack of data security and control. Building and maintaining in-house systems was considered the safest way of protecting business-critical sensitive data a
Playing Catch-Up in the Essential Race to Cloud
With the standard being consistently raised by digital-native technology companies, what exactly will give financial institutions the competitive edge? Are financial institutions playing catch up or are they even in the right digital game?
Embracing a New Approach to KYC Client Reviews
Anti-Money Laundering (AML)andKnow Your Customer (KYC)regulations dictate that financial institutions must ensure that they know their clients and verify their identities with appropriate data and documentation that proves that their clients are who they s
Middle East in Focus: A Changing Compliance Landscape
In research soon to be published by Fenergo, it finds that financial institutions across the world have been fined approximately US$26 billion for anti-money laundering and sanctions-related violations over the last 10 years. This research anticipates that
Examining Anti-Money Laundering Enforcement Across Europe
Since the beginning of the financial crisis in 2008, financial institutions have had to deal with a series of regulations to increase transparency. The objective? Creating a safer, more robust and more transparent financial system.
How the Historic SWIFT Ban on Russia Impacts Banking Operations Today
In recent years, the financial services industry has undergone an extraordinary evolution. Transactions that were once only possible to conduct by physically attending a bank, can now be conducted with the touch of a button on a smartphone app. What hasn’t
Request a Demo
See how Fenergo Client Lifecycle Management
solutions can transform your corporate and
institutional business.
