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.
Fraud and AML Trends and Predictions for 2023
Fraud and AML Trends and Predictions for 2023 The effects of the global pandemic have shown themselves on two different sides of the mirror: the acceleration of the initiatives in the digital financial service industry and the evolution of fraud methods together with the new digital channels. As fraudsters are becoming more tech-savvy [...]
2nd Compliance Conference
2nd Compliance Conference Organized by the Turkish Compliance Association, 2nd Compliance Conference will be held on 14 December with the participation of the BRSA, CMB, SEDDK, and TSB presidents with the theme of "The Transformative Power of Regulations and the Catalyst Role of Legislation Harmonization". Fineksus, a pioneer Anti-Money Laundering (AML) and cross-border [...]
How to Build an Effective Know Your Customer (KYC) Strategy
How to Build an Effective Know Your Customer (KYC) Strategy Why KYC is important Banks and other financial institutions are entitled to the responsibility to verify the identity of their customers and their genuinity. Therefore, operating an effective and successful Know Your Customer (KYC) process has the utmost importance in today’s financial [...]
Money Laundering and Technology
Money Laundering and Technology Technological advancements may make transaction monitoring and screening programs considerably more successful despite the obstacles. Analysts spend up to 80% of their time obtaining data rather than fixing problems, according to AML experts, so there's lots of room for new solutions to speed up the information-gathering process. Advances are [...]
VI International Banking Forum
VI International Banking Forum Fineksus will be attending the 6th International Banking Forum as the Main sponsor in collaboration with Ritmus AZ in Azerbaijan. The 6th International Banking Summit in Baku Azerbaijan will host banking professionals around the region to cover “Reliable, Safe, and Sustainable Banking” with industry leaders. Fineksus will highlight key [...]
Unexplained Wealth Order (UWO)
Unexplained Wealth Order (UWO) The Criminal Finances Act includes additional provisions in the United Kingdom to combat asset recovery and money laundering. Unexplained Wealth Orders (UWOs) are an important component of the Act, serving as an investigative tool to assist law enforcement in acting on corrupt assets. Transparency International has been advocating for [...]
Non-Fungible Tokens (NFTs) and Their Risks Related to Money Laundering Crimes
Non-Fungible Tokens (NFTs) and Their Risks Related to Money Laundering Crimes What are NFTs? NFT stands for “non-fungible token” which means that the NFTs cannot be exchanged with each other as they carry incomparable values. NFTs are stored on a distributed ledger technology (DLT) or more specifically on the Ethereum blockchain. The [...]
Know Your Transaction (KYT)
Know Your Transaction (KYT) Know Your Transaction, or KYT is a term used in the financial industry to describe the process of examining financial transactions for fraudulent or suspicious activity, such as money laundering. As cryptocurrency adoption grows, institutions must be able to drill down into crypto transactions for evidence of financial crimes. [...]
Whitepaper: Future Of Payments In The Middle East And North Africa (MENA)
Future Of Payments In The Middle East And North Africa (MENA) Explore the changes that are expected to happen in the payments industry in the MENA region even though the region by nature is fond of cash and there is an insufficiency in the digital payment infrastructures. Download the Whitepaper
Patriot Act
Patriot Act The Patriot Act was passed shortly after September 11, 2001, terrorist attacks in the United States, and it allowed law enforcement agencies additional authority to investigate, indict, and bring terrorists to justice. It also resulted in harsher sanctions for anyone who perpetrates or assists terrorist acts. The USA Patriot Act, which [...]