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.

12th MEBIS Middle East Banking Innovation Summit

12th MEBIS Middle East Banking Innovation Summit in Dubai Fineksus will be the Bronze Sponsor of the 12th MEBIS Middle East Banking Innovation Summit in Dubai, UAE which will be held live on 25th and 26th May 2022 at Le Méridien Dubai Conference Centre. 12th MEBIS will gather banking and financial services [...]

By |May 12th, 2022|Categories: Blog, Media|Tags: |

Russia and Belarus related Worldwide Sanctions

Russia and Belarus related Worldwide Sanctions The European Commission welcomes Member States' agreement today to impose additional targeted measures due to Russia’a invasion in Ukraine and Belarus's role in this aggression. The new measures, in particular, impose restrictive measures on 160 persons and alter Regulation (EC) 765/2006 on restrictive measures in light of [...]

By |May 9th, 2022|Categories: Knowledge Base|Tags: |

Which countries are banned from SWIFT and why?

Which countries are banned from SWIFT and why? What does SWIFT refers to? The SWIFT system, which stands for the Society for Worldwide Interbank Financial Telecommunication, is a secure platform that allows financial institutions to share information about worldwide monetary operations such as money transfers. While SWIFT does not actually transport money, it [...]

By |May 6th, 2022|Categories: Knowledge Base|Tags: |

Pros and Cons of Central Bank Digital Currencies (CBDCs) in Cross Border money transfers

Pros and Cons of Central Bank Digital Currencies (CBDCs) in Cross Border money transfers Central bank digital currencies are digital tokens issued by a central bank that is comparable to bitcoin. They are based on the value of the country's fiat currency. CBDCs are being developed in several nations, and some have [...]

By |April 29th, 2022|Categories: Blog|Tags: |

Belarus Sanctions Regime in EU

Belarus Sanctions Regime in EU Since October 2020, the EU has gradually tightened sanctions against Belarus. The sanctions were enacted in reaction to Belarus's rigged presidential elections in August 2020. The sanctions regime on Belarus presently designates 183 persons and 26 companies, including major officials in the political leadership and administration, high-level members [...]

By |March 29th, 2022|Categories: Knowledge Base|Tags: |

Emerging Technologies in AML-CFT Compliance

Emerging Technologies in AML-CFT Compliance This whitepaper explores the potential of emerging technologies in the financial world for the purpose of enhancing Anti-Money Laundering (AML) and Combatting the Financing of Terrorism (CFT) compliance efforts. Digital transformation and increasingly demanding regulatory requirements in the financial ecosystem caused an increment in the number and volume of [...]

By |March 18th, 2022|Categories: Whitepaper|

Russian Sanctions Regime in USA by OFAC

Russian Sanctions Regime in USA by OFAC The Ukraine/Russia sanctions program implemented by the Office of Foreign Assets Control (OFAC) began on March 6, 2014, when the President of the USA declared a national emergency in Executive Order (EO) 13660 against the threat posed by the actions and policies of certain individuals, who [...]

By |March 15th, 2022|Categories: Knowledge Base|Tags: |

Russian Sanctions Regime in EU

Russian Sanctions Regime in EU What Measures has the EU Taken Against Russia in the last decade? Since 2014, the EU has progressively placed sanctions on Russia in reaction to the unlawful annexation of Crimea. In March 2015, EU leaders resolved to tie the current economic sanctions system to full implementation of the [...]

By |March 12th, 2022|Categories: Knowledge Base|Tags: |

Economic Sanctions against Russia

Economic Sanctions against Russia US economic sanctions against Russia: On 21st February 2022 Presidency of the USA declared and issued Executive Order(EO) for banning any financial transactions in relation with the Luhansk and Donetsk Regions. Following days, USA issued economic and financial restrictions and prohibitions towards Russia due to military attacks on Ukraine: [...]

By |March 10th, 2022|Categories: Knowledge Base|Tags: |

Benefits of Payment Pre-validation in Cross-border Transactions

Benefits of Payment Pre-validation in Cross-border Transactions The financial messaging service provider, SWIFT, introduced a new financial service called Payment Pre-validation in July 2021 that improves cross-border real-time payment validation by minimizing frictions, verifying the information beforehand, and reducing the cost stemming from errors or misinformation. The real-time API-based system of Payment [...]

By |February 28th, 2022|Categories: Blog|Tags: |
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