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.

Customer Due Diligence (CDD)

Customer Due Diligence (CDD) What is Customer Due Diligence (CDD)?Customer Due Diligence (CDD) is a process which involves the collection and evaluation of the informations; such as full name, birth place, birth date or marital status, about the customers - or potential customers - in order to be used by the financial entities. It collects [...]

By |February 16th, 2021|Categories: Knowledge Base|Tags: |

Digital Onboarding and AML Compliance

Digital Onboarding and AML Compliance All governments work with regulatory agencies to combat money laundering and financing of terrorism. Financial institutions must follow certain measures and regulations to prevent money laundering. It is very difficult for banks, FinTechs and other financial institutions to use traditional methods for customer with manual methods and according to these regulations. [...]

By |February 15th, 2021|Categories: Knowledge Base|Tags: |

Know Your Customer (KYC)

Know Your Customer (KYC) What is Know Your Customer (KYC)?Know Your Customer (KYC) is a process by verifying the identities of customers. It should be applied before or during onboarding new customers. By implementing the Know Your Customer procedures, banks, FinTechs and other FIs aim to prevent risky situations and ensure compliance. By conducting Know [...]

By |February 14th, 2021|Categories: Knowledge Base|Tags: |

Infographic: ISO 20022 Roadmap

ISO 20022 Roadmap ISO 20022 aims to enhance the payments processes by making data more consistent, structured and richer to be in line with the demands and trends of the digitalization. Migration to ISO 20022 for the payments messaging standards is due for the end of 2022 and it is estimated that 80% of [...]

By |February 12th, 2021|Categories: Infographic|

How to detect commonly used Trade Based Money Laundering (TBML) Techniques

How to detect commonly used Trade-Based Money Laundering (TBML) Techniques? What does Trade-based Money Laundering (TBML) mean? Trade-based Money Laundering (TBML) is defined as the use of trade activities and transactions to transfer illicit cash of big quantities into legitimized or -in some cases- less suspicious commodities in order to avoid financial transparency regulations. [...]

By |January 29th, 2021|Categories: Blog|Tags: |

How SWIFT gpi reduces cross-border payment times?

How SWIFT gpi reduces cross-border payment times to minutes, even seconds? SWIFT has launched its global payments innovation (gpi) initiative in 2017 and since then almost 60% of all cross-border money transfers on SWIFT are sent via SWIFT gpi. The payments industry showed great interest in the advantages gpi offered in terms of pace, [...]

By |January 20th, 2021|Categories: Blog|Tags: |

8 Compliance Trends That Shaped the Future of Financial Environment in 2020

8 Compliance Trends That Shaped the Future of Financial Environment in 2020 The financial compliance requirements are among most important fields in the financial ecosystem as it is seen as the main source in maintaining public trust in the banking system. Together with the technological developments and digitalization trends, the risks and the threats [...]

By |December 30th, 2020|Categories: Blog|Tags: |

Top 5 Innovations in the Payments Landscape You Should Know by the End of 2020

Top 5 Innovations in the Payments Landscape You Should Know by the End of 2020 The notions of interoperability, harmonization, transparency and unification have been popular in financial payments and messaging standards in 2020. As technological developments evolve and offer so many advantages for the businesses in every field, the financial ecosystem has had [...]

By |December 18th, 2020|Categories: Blog|Tags: |

Achieving a Unified Payments Landscape with Payments Hub

Achieving a Unified Payments Landscape with Payments Hub A unified payments system: Payments Hub Platform The payments eco-system has been struggling with the challenges related to increasing volumes of payments and customer expectations as well as the new innovative developments in the payments atmosphere that caused fragmentation and complexity eventually. The currently used payments [...]

By |November 30th, 2020|Categories: Blog|Tags: |
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