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.
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 Standard Current Payment Channels High-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 [...]
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 [...]
Financial Cyber Crime: How the System is Failing the Victims
Financial Cyber Crime: How the System is Failing the Victims Financial Cyber Crime Having the Widest Coverage Among All Industries Cyber threats and attacks may differ in their purpose, method and impact; however, the most common ones are malware, hacking, phishing, data extortion and distributed denial of service (DDoS). The attackers’ ultimate aim is to [...]
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 [...]
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 [...]
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 [...]
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 [...]
