How is Coronavirus affecting the financial payments industry and compliance?

By |2020-03-31T10:00:56+03:00March 31st, 2020|

How is Coronavirus affecting the financial payments industry and compliance? As the COVID-19 outbreak affect many business areas and their way of operation, the financial ecosystem has had its share in this transformation towards a more digitalized and zero-touch environment. As one of the natural results of the pandemic, people tend to increase the [...]

Why KYC matters in compliance?

By |2020-03-16T16:07:51+03:00March 16th, 2020|

Why KYC matters in compliance? What is KYC? It is one of the most important responsibilities of the banks to make sure that the identity of their customers is genuine, namely they are who they claim to be. So, KYC (Know Your Customer) is a compulsory process for the banks when opening a new [...]