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.
UAE KYC Blockchain Consortium
UAE KYC Blockchain Consortium When and why was the platform founded?The initiative of the UAE KYC (Know Your Customer) Blockchain Platform was launched in February 2020 by Dubai Economy (Dubai’s Department of Economic Development) together with its founding partner banks. The main motivation behind its foundation is to create a national ecosystem in which the [...]
Fineksus is a SIBOS 2021 Partner
Fineksus is a SIBOS 2021 Partner Fineksus has become a SIBOS 2021 Partner to virtually share innovative ideas on October 11th-14th, 2021 covering the topics of future of transaction monitoring and screening supported by the AI-powered solutions as well as the journey of the seamless payments with a more secure and effective financial messaging [...]
Payments Hub for a FrictionlessPayments Landscape
Payments Hub for a Frictionless Payments LandscapeIncremental increase in the number of international banking institutions and naturally in the inclination towards international transactions as a result of the evolution in the global trade pointed out that the current payments infrastructure needs an update in the direction of reducing fragmentation and achieving a more unified approach. [...]
SWIFT Customer Security Programme
SWIFT Customer Security Programme What is the Customer Security Program (CSP)? In 2016, the biggest robbery in the banking history was organized by cyber attackers by breaking into the system of the Bangladesh Central Bank. The total amount of transaction instructions was $951M and the Federal Reserve Bank of New York processed the $101M of that [...]
2nd MENA Regtech Executive Boardroom
2nd MENA Regtech Executive Boardroom 2nd MENA Regtech Executive Boardroom Event will be held virtually on 7-8 September 2021. Fineksus will be the Strategic Sponsor of this event and company’s delegate & Regional Sales Director; Mr. Serkan Arslan, CAMS; will provide the latest information on industrywide Regtech solutions with AI and Machine Learning Practices in Anti-Money [...]
5 Things That Cryptocurrencies Should Know for Anti-Money Laundering Compliance
5 Things That Cryptocurrencies Should Know for Anti-Money Laundering ComplianceThe whitepaper of “Bitcoin: A Peer-to-Peer Electronic Cash System” by Satoshi Nakamoto which was published in October 2008 introduced a secure electronic payment system via which the users can transfer values to each other without a need to an intermediary party or a financial institution for [...]
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 [...]
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 [...]