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.

The Highest AML Fines of 2023

The Highest AML Fines of 2023 The ever-evolving nature of the financial world and regulations to keep up with the technological trends and new methods of financial crimes caused high levels of increase in the anti-money laundering (AML) related fines imposed on the financial institutions and other organizations from different industries. While [...]

By |February 29th, 2024|Categories: Blog|

Unleash Seamless Payments with CBPR+ Onboarding

Unleash Seamless Payments with CBPR+ Onboarding CBPR+ recommends standard specifications for financial institutions to adopt ISO 20022 message format. Implementing the CBPR+ specification requires the standards and recommendations that Swift specifies, including using the particular message types, data elements, and formatting norms established by ISO 20022. This guarantees that communications between financial institutions have [...]

By |February 27th, 2024|Categories: Infographic|

What is G20’s 2027 Vision for Cross Border Payments?

What is G20’s 2027 Vision for Cross Border Payments? Cross-border payments play a vital role in the seamless operation of the international economy, and their significance continues to rise as the world's economies become increasingly interlinked through digital means. These payments have been growing at a compound annual growth rate of 5%, [...]

By |February 20th, 2024|Categories: Blog|

Fineksus Launches API Access for AML Name Screening Solution with the Inspector API

Fineksus Launches API Access for AML Name Screening Solution with the Inspector API Fineksus proudly announces the official launch of Inspector API. This dedicated platform for API users is ready to redefine the landscape of AML Name Screening technology, offering a cost-effective gateway to Fineksus' advanced solutions. This innovative solution sets itself [...]

By |February 8th, 2024|Categories: Blog|

What is Banking as a Service (BaaS) and Why is It Important?

What is Banking as a Service (BaaS) and Why is It Important The term of inclusivity has been an effective concept in the finance industry since the stakeholders aim to offer as many and various services to their customers in order to keep them in their portfolio and prevent them switching into [...]

By |February 5th, 2024|Categories: Blog|

What is the Difference Between Embargos and Sanctions?

What is the Difference Between Embargos and Sanctions? Embargos are a sеt of intеrnational mеasurеs that arе usеd to influеncе thе bеhavior of a country. Thе primary objеctivе of еmbargos is to rеstrict thе importation or еxportation of cеrtain goods, usually in rеsponsе to human rights or sеcurity concеrns. Sanctions arе a morе [...]

By |January 29th, 2024|Categories: Knowledge Base|Tags: |

What is the Bank Secrecy Act (BSA)?

What is the Bank Secrecy Act (BSA)? Bank Secrecy Act (BSA) is a United States law. The purpose is to prevent criminals from using banks for money laundering. Banks must provide authorities with records. This occurs when people make suspicious money transactions above $10,000. The law facility authorities' understanding of these transactions. How [...]

By |January 18th, 2024|Categories: Knowledge Base|Tags: |

What is Money Laundering Through the Football Sector?

What is Money Laundering Through the Football Sector? Recently, football has gone beyond just a sport and become a global sector. With the growing economy of football as a sector, the investment of money into it has also increased, of which some of this investment has criminal connections. The FATF conducted research to [...]

By |January 18th, 2024|Categories: Knowledge Base|Tags: |

How AI is Used in the AML?

How AI is Used in the AML? Financial institutions are working to improve risk-based approaches for fighting money laundering, with financial crime on the rise. The large amount of data generated by AML compliance and the increasing sophistication of criminal tactics requires the continued exploration of innovative technologies to meet regulatory obligations. Firms [...]

By |January 18th, 2024|Categories: Knowledge Base|Tags: |
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