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.
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 [...]
Swift 2021 Standart Değişiklikleri – Webinar
SWIFT 2021 Standart Değişiklikleri üzerine gelişmeleri paylaştığımız Webinar kaydını videodan izleyebilirsiniz.
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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, [...]
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 [...]
A Brief Summary on 5th AML Directive of EU
A Brief Summary on 5th AML Directive of EU The 5th Anti-Money Laundering (AML) Directive (Directive (EU) 2018/843), which is the successor of the 4th AML Directive, was published on 19 June 2018 in the Official Journal of the European Union. The due date for the full adoption of the new Directive by [...]