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.

High Intensity Financial Crime Area (HIFCA)

High Intensity Financial Crime Area (HIFCA) High Intensity Financial Crime Areas (HIFCA) or High Risk Money Laundering and Related Financial Crime Areas are defined in the United States as the locations that specially pose a high risk of money laundering or financial crime. As the High Intensity Financial Crime Area (HIFCA) programs aim to support [...]

By |May 7th, 2021|Categories: Knowledge Base|Tags: |

The Central Bank of Bahrain (CBB)

The Central Bank of Bahrain (CBB) The Central Bank of Bahrain (CBB) was published by the 2006 CBB and Financial Institutions Law on September 6, 2006 and serves as a public corporate entity. The main responsibilities of the CBB are ensuring the financial and monetary stability of the Kingdom of Bahrain.The predecessor of the Central [...]

By |May 5th, 2021|Categories: Knowledge Base|Tags: |

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 [...]

By |May 5th, 2021|Categories: Whitepaper|

2020 AML Fines and Penalties

2020 AML Fines and Penalties 2020 AML fines and penalties generally includes policies, laws and regulations to prevent financial crimes. AML is a worldwide term for preventing money laundering. There are global and local regulators established in the world to prevent financial crimes, besides each country has a different 2020 AML fines and penalties. Organizations [...]

By |May 3rd, 2021|Categories: Knowledge Base|Tags: |

Kuwait Capital Markets Authority

Kuwait Capital Markets Authority Kuwait Capital Markets AuthorityThe CMA Act created a new independent organization, the Kuwait Capital Markets Authority, which provides a new regulatory framework for establishing CMAs, targets, bases of objectives and bridging the legal gap.The CMA Act is considered to be the most complex legislation enacted in recent Kuwait history. The rudimentary [...]

By |May 1st, 2021|Categories: Knowledge Base|Tags: |

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 [...]

By |April 30th, 2021|Categories: Blog|Tags: |

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 [...]

By |April 16th, 2021|Categories: Blog|Tags: |

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, [...]

By |April 13th, 2021|Categories: Infographic|

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 [...]

By |March 30th, 2021|Categories: Blog|Tags: |

Anti-Money Laundering (AML) Compliance FinTech and InsurTech

Anti-Money Laundering (AML) Compliance FinTech and InsurTech How Fintechs do AML compliance?Just as all the financial institutions, FinTechs are entitled to comply with the AML regulations as they are faced with the financial crime risks too. Together with the improvements in the technology, the criminal activities in the financial environment started to become more digitalized [...]

By |March 29th, 2021|Categories: Knowledge Base|Tags: |
Go to Top