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 [...]
Cloud Adoption in Financial Messaging Services Why adopt the cloud? The fact that the financial services facing serious problems with the rise of digitalization and the new and different needs coming with it naturally drive them to find a solution to help them adapt to this new environment which is the cloud computing. Before [...]
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 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 [...]
Ultimate Guide To Choose The Best Financial Messaging Solution Every business’ sustainability depends on the reliable and secure exchange of money. In this case, financial institutions stand as the gatekeepers as being responsible for providing transparency and security, especially during international transactions. This mission brings financial institutions a great challenge [...]
How AI Helps Banks On AML Compliance Anti-money laundering (AML) is defined as a set of regulations and procedures designed to prevent criminals from concealing illegally obtained funds as legal income. AML laws cover a relatively limited number of transactions and criminal acts with great indications. However today the [...]
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, [...]
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 [...]
SWIFT Standard Changes 2019 SWIFT is a messaging format that allows banks, financial institutions to communicate by sending electronic messages. Every year, SWIFT collects the changes requested by its users, prepares and evaluates them with the technical and business consultants, and then publishes them in their SWIFT Standards Release Guide. This year, the [...]
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 [...]
