Insights2021-05-05T16:01:51+03:00

Insights

Insights

Here are the latest trends and insights along with emerging technologies that are shaping the Finance Industry through the eyes of Fineksus team.

Here are the latest trends and insights along with emerging technologies that are shaping the Finance Industry through the eyes of Fineksus team.

3 Facts to Know About to Increase B2B Cross-Border Payments

3 Facts to Know About to Increase B2B Cross-Border Payments The market size of cross-border B2B payments was $1,000 billion in 2021 and it is expected to reach $2,515 billion by 2030 which means that in 8 years, a growth rate of 10.8% is anticipated for the B2B payments market according to [...]

By |July 29th, 2022|Categories: Blog|Tags: |

Anti-Money Laundering Compliance in Turkish Republic

Anti-Money Laundering Compliance in Turkish Republic The Turkish Republic has made significant advancements in the establishment of anti-money laundering regulations as well as the mechanisms for detecting and countering them in recent years. In 1996, the first instance of money laundering that was prosecuted as a financial crime in Turkiye took place. Since [...]

By |July 27th, 2022|Categories: Knowledge Base|Tags: |

How to conduct an Adverse Media Check?

How to conduct an Adverse Media Check? Adverse media, sometimes known as negative news, is any type of adverse information found in a wide range of news sources, including both conventional news channels and unstructured sources. The hazards of doing business with people or firms who have a negative media presence are numerous [...]

By |July 14th, 2022|Categories: Knowledge Base|Tags: |

Essentials of KYC Know Your Customer Process

Essentials of KYC Know Your Customer Process KYC, or Know Your Customer, refers to a collection of protocols that enable banks and other financial institutions to validate the identification of the organizations and persons with whom they do business and guarantee that those entities are functioning legally. Effective KYC process prevents businesses from [...]

By |July 8th, 2022|Categories: Knowledge Base|Tags: |

What is the onboarding process for KYC?

What is the onboarding process for KYC? The customer onboarding process for the KYC includes greeting your client, ensuring that your customer understands how to use your product, platform, or service, and then continuing to assist them while they use the product/service to ensure that they are pleased and will continue to support [...]

By |July 8th, 2022|Categories: Knowledge Base|Tags: |

2021 AML Anti Money Laundering fines

2021 AML Anti Money Laundering fines The repercussions of the coronavirus pandemic continued to have a detrimental impact on banks and financial institutions in 2021, making it another challenging year for the financial industry. As service providers and financial regulators reacted to a changing risk landscape and a variety of emergent Covid-19-inspired criminal [...]

By |July 7th, 2022|Categories: Knowledge Base|Tags: |

Anti-Money Laundering Regulations in Turkiye

Anti-Money Laundering Regulations in Turkiye Turkiye has an ongoing issue with money laundering, mainly as a result of its high susceptibility to narcotics trafficking. Turkiye has introduced several new laws to enhance its anti-money laundering (AML) framework. Both banks and non-bank financial entities are used for money laundering in Turkiye. Cross-border cash smuggling, [...]

By |July 3rd, 2022|Categories: Knowledge Base|Tags: |

How KYC and CDD are related?

How KYC and CDD are related? KYC and CDD are two terms that are often used together. KYC leads to CDD in the verification of consumer information. Previous KYC processes have evolved into CDD practices. Previously, the KYC procedure was ineffective in preventing illegal behavior. This resulted in the creation of software that [...]

By |July 1st, 2022|Categories: Knowledge Base|Tags: |

Updated Sanctions against Russia

Updated Sanctions against Russia Updated Sanctions against Russia  Russia’s invasion over Ukraine resulted in the country facing new financial, trade and technology sanctions for the purpose of cutting off the financing of the war. Since Russia is a leading energy producer with its oil and gas sources, imposing sanctions against Russia and [...]

By |June 30th, 2022|Categories: Blog|Tags: , |

Smart Insurance Awards 2022

Countdown begins for the Smart Insurance Awards 2022. Fineksus is a sponsor of the Smart Insurance Awards in Istanbul, Turkiye which will be held live on 23rd June 2022 at İş Sanat Kültür Merkezi, Levent. Smart Insurance Awards 2022 will cover innovative projects in the insurance industry while hosting two-panel discussions that [...]

By |June 16th, 2022|Categories: Media|Tags: |
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