Insights2020-07-23T09:01:56+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.

Better Customer Experience and Compliance via Digital Onboarding

Better Customer Experience and Compliance via Digital Onboarding What is digital onboarding? Digital onboarding, also called as remote or online onboarding, is a process of acquiring new customers via digital tools so that they can access the services and products provided by the financial institutions in a more user-friendly, simpler and faster way. Since [...]

By |July 30th, 2020|Categories: AML Compliance|

TARGET Consolidation Project of the Eurosystem: Benefits and Challenges

TARGET Consolidation Project of the Eurosystem: Benefits and Challenges TARGET consolidation project was prepared and launched by the Eurosystem and scheduled to November 2021 with an aim to consolidate the real-time gross settlement (RTGS) systems of TARGET2 and T2S (each of which will be explained in detail below) by improving them technically and functionally [...]

By |July 16th, 2020|Categories: Financial Messaging|

Case Study: PayGate Maestro gpi for Kuwait Finance House

Case Study: PayGate™ Maestro gpi for Kuwait Finance House Along with the pace of technology, digitalization and globalization, there is an increasing trend in the cross-border trade activities and therefore international payments. In this atmosphere, one of the biggest challenges faced in cross-border payments is to ensure faster, more transparent and traceable transactions. SWIFT [...]

By |June 30th, 2020|Categories: Case Study|

These Trends Are Changing the Payments Industry in UAE

These Trends Are Changing the Payments Industry in UAE Transition to a cashless economy The United Arab Emirates (UAE) has one of the most dynamic, innovative and liberal economies in the Middle East and in the world too through its large amounts of investments in the infrastructural and technological developments. The UAE is also [...]

By |June 19th, 2020|Categories: Financial Messaging|

Compliance Challenges for FinTechs: An Effective and Affordable Solution

Compliance Challenges for FinTechs: An Effective and Affordable Solution  In quickly changing digital environment of the financial world, regulatory requirements are one of the most challenging factors that enforce banks to look for the new ways to meet compliance although they seem to be advantageous in terms of their established clientele, capital and expertise [...]

By |May 29th, 2020|Categories: AML Compliance|

5 reasons that AI technology drives value for Compliance

5 reasons that AI technology drives value for Compliance Artificial intelligence is a system of technologies that aims to improve the way we identify different patterns, foresee upcoming happenings, design rules, make decisions and finally interact with others thanks to its adaptable prognostic ability and autonomous learning (to some degree). The reflection of these [...]

By |May 15th, 2020|Categories: AML Compliance|

SWIFT Standard Changes 2020

SWIFT Standard Changes 2020 In recognition of the operational stresses that the Covid-19 pandemic is putting on the global financial community, and especially on smaller institutions therein, SWIFT has decided to prioritize for 22 November 2020 only the MT Category 5 (Securities Markets) messages, which are required to enable compliance with forthcoming European regulations, [...]

By |April 30th, 2020|Categories: Financial Messaging|

ISO 20022 – Secure Payments to Transaction Management

ISO 20022 – Secure Payments to Transaction Management ISO 20022 vs. the Current System ISO 15022 The ISO 20022 is a financial standard that aims to provide a universal, open and ample dictionary for financial data transmissions among systems and financial institutions. It serves as a globally accepted prescription to create new financial messages [...]

By |April 22nd, 2020|Categories: Financial Messaging|
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