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Here are the latest trends and insights along with emerging technologies
that are shaping the Finance Industry through the eyes of Fineksus team.

Insights2019-04-05T12:09:36+03:00

Compliance Challenges for FinTechs: An Effective and Affordable Solution

Compliance Challenges for FinTechs: An Effective and Affordable Solution  In quickly changing digital environment of the financial world, regulatory requirements are one of the most challenging factors that enforce banks to look for the new ways to meet compliance although they seem to be advantageous in terms of their established clientele, capital and expertise [...]

By |May 29th, 2020|Categories: AML Compliance|

5 reasons that AI technology drives value for Compliance

5 reasons that AI technology drives value for Compliance Artificial intelligence is a system of technologies that aims to improve the way we identify different patterns, foresee upcoming happenings, design rules, make decisions and finally interact with others thanks to its adaptable prognostic ability and autonomous learning (to some degree). The reflection of these [...]

By |May 15th, 2020|Categories: AML Compliance|

SWIFT Standard Changes 2020

SWIFT Standard Changes 2020 In recognition of the operational stresses that the Covid-19 pandemic is putting on the global financial community, and especially on smaller institutions therein, SWIFT has decided to prioritize for 22 November 2020 only the MT Category 5 (Securities Markets) messages, which are required to enable compliance with forthcoming European regulations, [...]

By |April 30th, 2020|Categories: Financial Messaging|

ISO 20022 – Secure Payments to Transaction Management

ISO 20022 – Secure Payments to Transaction Management ISO 20022 vs. the Current System ISO 15022 The ISO 20022 is a financial standard that aims to provide a universal, open and ample dictionary for financial data transmissions among systems and financial institutions. It serves as a globally accepted prescription to create new financial messages [...]

By |April 22nd, 2020|Categories: Financial Messaging|

How is Coronavirus affecting the financial payments industry and compliance?

How is Coronavirus affecting the financial payments industry and compliance? As the COVID-19 outbreak affect many business areas and their way of operation, the financial ecosystem has had its share in this transformation towards a more digitalized and zero-touch environment. As one of the natural results of the pandemic, people tend to increase the [...]

By |March 31st, 2020|Categories: Genel|

Benefits of SWIFT gpi (Global Payments Innovation)

Benefits of SWIFT gpi (Global Payments Innovation) SWIFT, known as the payment messaging network that provides secure and easier transactions internationally in between over 10.000 financial institutions, has developed a new initiative called SWIFT gpi (Global Payments Innovation) and it aims to enhance the payment procedures via SWIFT both for the customers and institutions. The [...]

By |February 28th, 2020|Categories: Financial Messaging|

Cybersecurity in the Financial Industry

Cybersecurity in the Financial Industry The concepts of trust and security rely on the heart of financial services but unfortunately, it gets more and more challenging every day to maintain confidentiality, to provide the necessary systems and services and to keep the data safe at the same time. This is because cybersecurity threats are [...]

By |February 14th, 2020|Categories: Genel|

Top 10 Compliance Challenges in 2020

Top 10 Compliance Challenges in 2020 As the financial world gets more and more regulated everyday, organizations are facing greater burden and stress to keep up with the pace of alterations and to comply with the evolving regulations. In 2020, the challenges of regulatory compliances will require a more technology and user-centered strategies since [...]

By |January 31st, 2020|Categories: AML Compliance|

The 3 Key Trends in Financial Messaging Solutions

The 3 Key Trends in Financial Messaging Solutions The challenge As the demand on the inter- and intra-bank relationships is increasing, the corporates are also added to the equation and occasionally the pressure on the financial organizations to create a more effective financial messaging system is showing its face more and more everyday. SWIFT, [...]

By |January 16th, 2020|Categories: Financial Messaging|

AML Hot Topics for 2020

AML Hot Topics for 2020 Throughout 2019, new regulations were brought into force to enhance the scope of the AML compliance. In this ever-changing and demanding regulatory atmosphere, financial institutions, which are expected to adapt themselves and their systems to the needs of the evolving and competitive financial ecosystem, spent billions of dollars to [...]

By |December 24th, 2019|Categories: AML Compliance|

Will China’s cashless society change the banking system?

Will China’s cashless society change the banking system? Asia's move towards a cashless society More than half of the world's millennials, who are getting more and more tech-savvy every day, are living in Asia. So, the technological improvements, high smartphone usage, and other structural aspects like demographics and urbanization coming together created a suitable [...]

By |November 22nd, 2019|Categories: Genel|

SWIFT Regional Conference: Turkey & Middle East

SWIFT Regional Conference: Turkey & Middle East SWIFT Regional Conference brought together more than 250 policymakers, industry leaders, regulators, and financial experts from this diverse region of Istanbul to do business and shape the future of the financial sector. The two-day program was a mix of keynote speeches, interactive panel sessions, and practical [...]

By |November 11th, 2019|Categories: Genel|

Open API Framework in the Banking Landscape: Threat or Opportunity?

Open API Framework in the Banking Landscape: Threat or Opportunity? To keep pace with the technological developments, to comply with the new regulations, and to remain competitive in the finance industry, banks must find digital partners to innovate and redefine their ways of working. The regulations started to demand the transition to a more [...]

By |October 28th, 2019|Categories: Genel|

Fineksus and Neterium partner for AI-driven AML

Fineksus and Neterium partner for AI-driven AML For years, banks and regulated entities have been using solutions designed in the last decade, with low efficiency having a devastating effect on compliance costs, and only a marginal real impact on illegal activity. The current technology stack, including machine learning, standard APIs and cloud deployment, allows [...]

By |September 20th, 2019|Categories: AML Compliance|

Compliance Day Istanbul 2019

Compliance Day Istanbul 2019 Here you can find a brief summary of our Compliance Day Istanbul 2019 event. Compliance for Fintech After the opening speech, the first session started with our speakers: Tarik Tombul, Erdost Pehlivan, Ufuk Sinel and Fatma Atila. They discussed Fintech compliance. Tarik Tombul explained that the compliance process was introduced [...]

By |September 11th, 2019|Categories: AML Compliance|

Cloud Adoption in Financial Messaging Services

Cloud Adoption in Financial Messaging Services Why adopt the cloud? The fact that the financial services facing serious problems with the rise of digitalization and the new and different needs coming with it naturally drive them to find a solution to help them adapt to this new environment which is the cloud computing. Before [...]

By |August 28th, 2019|Categories: Financial Messaging, Genel|

Achieving Standardization in KYC (Know Your Customer) Compliance

Achieving Standardization in KYC (Know Your Customer) Compliance What is KYC? KYC (Knowing Your Customer) is the process that is designed to identify the clients of a business and evaluating their profiles for the compatibility to prevent any illegal transactions. KYC is commonly used in bank regulations for financial crimes and especially in anti-money [...]

By |July 26th, 2019|Categories: AML Compliance|

Ultimate Guide To Choose The Best Financial Messaging Solution

  Ultimate Guide To Choose The Best Financial Messaging Solution Every business’ sustainability depends on the reliable and secure exchange of money. In this case, financial institutions stand as the gatekeepers as being responsible for providing transparency and security, especially during international transactions. This mission brings financial institutions a great challenge and [...]

By |June 26th, 2019|Categories: Financial Messaging|

How to Build Fintech AML Compliance

How to Build Fintech AML Compliance Every financial technology (Fintech) start-up has its own core focus on answering a problem in the financial industry. However, after starting the company, the focus begins to get distracted as many other problems about running a business begin to occur. Instead of focusing on improving the product, [...]

By |May 20th, 2019|Categories: AML Compliance|

5 Things to Know About Secure Financial Messaging Services

5 Things to Know About Secure Financial Messaging Services Correspondent banks are a key player in the global economy. They enable and improve the liquidity of currency, which is one of the fundamental factors in economic growth. Moving money around the world is not only beneficial for the economy, but it’s also a good [...]

By |May 12th, 2019|Categories: Financial Messaging|
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