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.

Payments Landscape and the Upcoming ISO 20022 Standard

Payments Landscape and the Upcoming ISO 20022 StandardCurrent Payment ChannelsHigh-value payments (RTGS)Together with the invention of the telegraph in the end of 19th century, wires have started to be used in the communication industry although they have not become mainstream until the beginning of the 20th century. With wires becoming widely used, the high-value payments [...]

By |June 30th, 2021|Categories: Blog|

SWIFT 2021 Standard Changes

SWIFT 2021 STANDARD CHANGES – STANDARDS RELEASE GUIDESWIFT 2021 Standards Changes has a comprehensive Release Guide this year due to postponement of changes in several categories caused by pandemic in 2020. Essential changes include six new message types in Guarantees section of Category 7, besides major updates on mutual message types for Letter of Credits [...]

By |June 14th, 2021|Categories: Blog|

Customer Due Diligence Checklist — 4 Steps to Improve Your CDD

Customer Due Diligence Checklist — 4 Steps to Improve Your CDD Financial institutions are entitled with applying due diligence procedures on their customers to make sure that they are not involved in any activities related to financial crimes. A legitimate and strong Customer Due Diligence (CDD) program is essential to protect the reputation of a [...]

By |May 31st, 2021|Categories: Blog|Tags: |

Financial Cyber Crime: How the System is Failing the Victims

Financial Cyber Crime: How the System is Failing the Victims Financial Cyber Crime Having the Widest Coverage Among All Industries Cyber threats and attacks may differ in their purpose, method and impact; however, the most common ones are malware, hacking, phishing, data extortion and distributed denial of service (DDoS). The attackers’ ultimate aim is to [...]

By |May 21st, 2021|Categories: Blog|Tags: |

Digital Customer Onboarding and AML/KYC

Digital Customer Onboarding and AML/KYCThis white paper explores all the aspects of the Digital Customer Onboarding in the financial world focusing on the journey of digital onboarding, regulatory developments in different parts of the world, importance of Know Your Customer (KYC) and Anti-Money Laundering (AML) processes, use of technological enhancements such as biometrics and ID [...]

By |May 5th, 2021|Categories: Whitepaper|

Know Your Customer (KYC) Best Practices – Corruption, Crime & Compliance

Know Your Customer (KYC) Best Practices - Corruption, Crime & Compliance Know Your Customer (KYC) is a compulsory process for the banks and other financial institutions when opening a new account or on regular basis used for identification and verification of customer’s identity. If a customer fails in meeting the minimum KYC requirements, banks and [...]

By |April 30th, 2021|Categories: Blog|Tags: |

How Does SWIFT gpi Tracker System Help Banks?

How Does SWIFT gpi Tracker System Help Banks?SWIFT’s initiative SWIFT gpi (Global Payments Innovation) aims to improve cross-border transaction experience by offering faster, more transparent and easily traceable process with more reasonable costs for the banks, corporates and market infrastructures (MIs). The main benefits of SWIFT gpi for the banks are higher customer satisfaction with [...]

By |April 16th, 2021|Categories: Blog|Tags: |

Digital Journey of a Customer Onboarding

Digital Journey of a Customer Onboarding Why we need such a technology for both ends?Digital customer onboarding emerges as the solution to the challenges in the financial industry resulting from the digitalization and globalization. Financial institutions struggle with creating a smooth digital experience for their clients while at the same time ensure the same quality, [...]

By |April 13th, 2021|Categories: Infographic|

Digital Onboarding and Anti Money Laundering (AML)

Digital Onboarding and Anti Money Laundering (AML) Digital Onboarding Technology for Financial Institutions Onboarding process plays a vital role in financial institutions’ customer acquisition and loyalty. Therefore, keeping it simple, fast and user-friendly is the key for success. The digitalization of the onboarding experience removed the physical limitations and the complicated processes for [...]

By |March 30th, 2021|Categories: Blog|Tags: |
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