Compliance Challenges for Financial Institutions in the ‘New Normal’ The ‘new normal’ in the financial framework The effects of COVID-19 in the financial world reflected themselves in the operational as well as the regulatory side. As the limitations in the on-location business and travel restrictions appeared in the face of the pandemic, it has [...]
Prof. Dr. Selim Yazıcı moderatörlüğünde Fineksus CEO'su Ahmet Vefik Dinçer ile FinTech Ekosisteminde AML ve Güvenlik Çözümleri konuşuldu.
SWIFT 2020 Standart Değişiklikleri ve ISO 20022 Dönüşümü konularındaki gelişmeleri paylaştığımız Webinar kaydını videodan izleyebilirsiniz.
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 [...]
Fineksus and Neterium partner for AI-driven AML For years, banks and regulated entities have been using solutions designed in the last decade, with low efficiency having a devastating effect on compliance costs, and only a marginal real impact on illegal activity. The current technology stack, including machine learning, standard APIs and cloud deployment, allows [...]
How AI Impacts AML and KYC Compliance Anti-money laundering (AML) is one of the toughest issues in the financial industry today. Because the amount of money coming from criminal acts as terrorism and drug trafficking has reached nearly to $2.4 trillion per year. And this money will be laundered [...]
5 Things to Know About Secure Financial Messaging Services Correspondent banks are a key player in the global economy. They enable and improve the liquidity of currency, which is one of the fundamental factors in economic growth. Moving money around the world is not only beneficial for the economy, but it’s also a good [...]
How Fineksus Manages Real-time Payment Schemes What SWIFT Offers Established in 1973, SWIFT or Society for Worldwide Interbank Financial Telecommunications is a cooperative that provides safe and secure financial transactions between the financial institutions that are a part of the network. Before the SWIFT, the only way to conduct international transactions was [...]
Preventing Compliance Risks During Customer Onboarding Know your customer, otherwise known as Know Your Client (KYC), is the name of the methods conducted by a bank or financial company to verify the identity of their clients. This allows them to evaluate the risks (or if there are any risks) of implementing a business relationship [...]
SWIFT Corporate Forum 2019 was Held in Dubai Supporting corporates achieving their optimisation goals, SWIFT Corporate Forum was held in Dubai on 4 March this year. Many attendees took part in the payments ecosystem including treasurers, members of the corporate finance departments and various other actors were present in the event to share [...]