Fineksus and Neterium partner for AI-driven AML

By |2019-10-20T00:24:13+00:00September 20th, 2019|

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 [...]

Compliance Day Istanbul 2019

By |2019-09-11T16:40:08+00:00September 11th, 2019|

Compliance Day Istanbul 2019 Here you can find a brief summary of our Compliance Day Istanbul 2019 event. Compliance for Fintech After the opening speech, the first session started with our speakers: Tarik Tombul, Erdost Pehlivan, Ufuk Sinel and Fatma Atila. They discussed Fintech compliance. Tarik Tombul explained that the compliance process was introduced [...]

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 [...]