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.
What Are the Payments Trends in 2024?
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 [...]
What is The Financial Intelligence Unit-The Netherlands (FIU-NL)?
What is The Financial Intelligence Unit-The Netherlands (FIU-NL)? The Netherlands’ national agency that combats money laundering and financing of terrorism is called Financial Intelligence Unit – The Netherlands or FIU – NL. Created to protect the Dutch financial environment, FIU-NL receives, processes and shares financial information to involve interest law enforcement bodies. This [...]
What is Securities Fraud?
What is Securities Fraud? Giving information about securities fraud, it can be stated that it is a type of white collar crime that refers to fraud committed in securities trading within a stock or investments. The main objective is to control the shareholders and make them decide wrongly with material that is also [...]
What is Synthetic Identity Fraud?
What is Synthetic Identity Fraud? Synthetic identity refers to such things like obtaining real and fake information and such identity cannot be easily detected. It is employed to create various accounts, acquire credit and forge other related ways of embezzlement and fraud. It is challenging to detect because it often involves the use [...]
What is Mortgage Fraud?
What is Mortgage Fraud? Mortgage fraud is a financial crime involving false information on mortgage applications to secure loans that wouldn't be approved under normal conditions. The primary purpose is to deprive lenders and receive loan approval or better terms for the loan with deceit. Fraud in mortgages can be carried out by [...]
What are Financial Intelligence Units (FIUs)?
What are Financial Intelligence Units (FIUs)? FIUs are officially recognized bodies endowed with the tasks of collecting, processing and exchanging information relating to the subject matters of money laundering, terrorism financing and every other form of financial crimes. They act as the focal point for receiving suspicious transaction reports (STRs) from the financial [...]
Announcement: Fineksus Named in World’s Most Innovative AI FinTech 100 List for the Second Year in a Row
Announcement: Fineksus Named in World’s Most Innovative AI FinTech 100 List for the Second Year in a Row We are delighted to share that Fineksus has been recognized once again on the AI Fintech100 list, highlighting the World’s Most Innovative AI Technology Companies in Financial Services. This esteemed recognition showcases our dedication to [...]
Latest Announcement: MASAK Launched New Suspicious Transaction Reporting Structure
MASAK Launched New Suspicious Transaction Reporting Structure Implementation of Updated Suspicious Transaction Reporting (STR) Structure We are pleased to inform you that MASAK has announced a comprehensive update to the Suspicious Transaction Reporting (STR) structure, which took effect on May 8, 2024. These changes include significant enhancements in the following areas: - Suspicious [...]
Why Banks Need Real-Time Transaction Monitoring?
Why Banks Need Real-Time Transaction Monitoring? The banking industry is changing from a physical to a digital one in today's information economy. Conversely, digital transition presents a unique set of difficulties. Banks are dealing with a fresh and intricate set of money laundering issues, and the number of regulatory infractions keeps going [...]
What is real estate fraud?
What is real estate fraud? Real estate fraud involves illegal activities carried out during the buying and selling of real estate. These activities include increasing the price of real estate more than its normal value and trading with fake documents and identities. As it is a fairly common type of fraud, it is [...]
