Achieving Standardization in KYC (Know Your Customer) Compliance

By |2019-07-26T13:55:21+00:00July 26th, 2019|

Achieving Standardization in KYC (Know Your Customer) Compliance What is KYC? KYC (Knowing Your Customer) is the process that is designed to identify the clients of a business and evaluating their profiles for the compatibility to prevent any illegal transactions. KYC is commonly used in bank regulations for financial crimes and especially in anti-money [...]

How to Build Fintech AML Compliance

By |2019-05-20T19:05:05+00:00May 20th, 2019|

How to Build Fintech AML Compliance Every financial technology (Fintech) start-up has its own core focus on answering a problem in the financial industry. However, after starting the company, the focus begins to get distracted as many other problems about running a business begin to occur. Instead of focusing on improving the product, [...]

How the Financial Services Industry Can Respond to the Regulatory Spotlight

By |2019-04-19T13:46:09+00:00April 17th, 2019|

How the Financial Services Industry Can Respond to the Regulatory Spotlight The financial services companies are innovating the whole financial industry, from increasing the speed of services to offering more added value to customers.  However, they don’t operate independently of  the circumstances that affect traditional  financial institutions. In many countries, financial services companies [...]

Preventing Compliance Risks During Customer Onboarding

By |2019-04-15T18:49:51+00:00March 12th, 2019|

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 [...]

Insider Threat and Cyber Security Issues in the Financial Industry

By |2019-04-15T18:51:42+00:00February 20th, 2019|

Insider Threat and Cyber Security Issues in the Financial Industry Finance industry depends heavily on data. Well, nowadays almost all companies rely on data to some extent, but finance companies literally live on data. This is why protecting their data is crucial to not only their security but also their existence. This makes [...]

How Fintechs Can Deal With Regulatory Compliance

By |2019-04-15T18:52:09+00:00February 11th, 2019|

How Fintechs Can Deal With Regulatory Compliance Today we live in a global ecosystem where technological advances are imposing a brand new order. Changing customer demands, open source softwares, free-to-use services are all driving significant change in the way products and services are being created and delivered. As barriers of entry seem to be [...]