Largest Anti-Money Laundering (AML) Fines in 2024 Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) regulations form the foundation of integrity in the global financial system. These measures serve as essential safeguards, preventing criminal activity—including drug trafficking, corruption, fraud, and terrorism—from infiltrating legitimate markets. In 2024, regulatory bodies worldwide intensified [...]
Fineksus to Exhibit as Silver Sponsor at Sanctions Compliance, AML and CTF for Banking and Finance in the Middle East Conference Fineksus, a leading provider of advanced AML compliance and financial messaging solutions, is pleased to announce its role as a Silver Sponsor and Exhibitor at the Sanctions Compliance, AML and CTF [...]
How Generative AI is Changing Banking? Generative Artificial Intelligence (AI) is transforming the banking sector by driving unprecedented efficiencies and changing traditional processes. It is critical for financial institutions to understand the wide range of changes that are underway. This article explores how generative AI is reshaping banking, focusing on key applications, benefits, [...]
Top Payments Trends in 2025 The payments world is evolving at lightning speed. As we enter 2025, several payments trends are reshaping how money moves globally. From real-time payments to AI-powered security, these advances are crucial for fintech disruptors and compliance professionals alike. By 2025, several significant trends will profoundly affect the payments ecosystem, rendering an understanding of these trends crucial to staying ahead. Real-Time Payments – Speed Becomes Standard One of the most significant payments trends of [...]
Top Banking and FinTech Trends for 2025 In only a couple of years, the landscape of financial services has been flipped upside down at breakneck speed and has reshaped the way we bank, invest, and ultimately move money across the globe. As of 2025, rapid technological breakthroughs, shifting consumer preferences, and new regulatory frameworks [...]
Know Your Transaction (KYT) & The Travel Rule: Strengthening Financial Compliance in the Digital Era Introduction As financial transactions become increasingly digitized, Know Your Transaction (KYT) has emerged as a critical tool for preventing money laundering (AML), fraud, and terrorist financing (CTF). Unlike Know Your Customer (KYC), which focuses on verifying customer identities, [...]
Revolutionizing Financial Services with Tokenization In today’s digital era, how we perceive and manage assets is evolving rapidly. Tokenization, a transformative concept, holds the potential to revolutionize numerous industries, especially finance. But what exactly is tokenization, and why is it garnering so much attention? What is Tokenization? Tokenization involves issuing a digital [...]
What are the FinTech Trends in 2024? FinTech industry has been continuously evolving to reshape the financial environment and in 2024 new trends emerged in FinTech changing the way individuals, companies and institutions use the financial services. Boosting efficiency, improving customer experience and increasing transparency in the financial world are the ultimate [...]
What Are the Key Takeaways from the Financial Action Task Force (FATF) Plenaries in February and June 2024? In 2024, the Financial Action Task Force (FATF) held two major plenary meetings—February in Paris and June in Singapore. These meetings brought together global experts to address money laundering (ML), terrorism financing (TF), and [...]
What Are the Payments Trends in 2024 The two broad predominant trends in the payments industry in 2024 are improving customer experience and globalization. While the cross-border transactions are supported by regulatory frameworks to facilitate the implementation of new payment solutions and enable frictionless and real-time transactions internationally, the customer-centric approach is [...]
