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.
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 [...]
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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
Office of Foreign Assets Control (OFAC) Regulations
Office of Foreign Assets Control (OFAC) Regulations The Office of Foreign Assets Control (OFAC) is the financial intelligence and enforcement agency of the United States Treasury Department. OFAC imposes sanctions about the matters of economy and trade by taking US foreign policy and national security goals as the reference. The sanctions are applied to those [...]
A Brief Summary on 5th AML Directive of EU
A Brief Summary on 5th AML Directive of EU The 5th Anti-Money Laundering (AML) Directive (Directive (EU) 2018/843), which is the successor of the 4th AML Directive, was published on 19 June 2018 in the Official Journal of the European Union. The due date for the full adoption of the new Directive by [...]
Webinar “Digital Onboarding KYC/AML”
How to prepare for digital onboarding? Topics covered: Know Your Customer (KYC) / Anti-Money Laundering (AML) Regulations of Digital Onboarding in Turkey Digital Journey of a Customer Global and Regional Impacts of Identity Fraud How banks, fintechs and other financial institutions need to be prepared for digital onboarding? Global use of the [...]
Qatar Financial Centre Regulatory Authority (QFCRA)
Qatar Financial Centre Regulatory Authority (QFCRA) In a recent decision made in December 2019, QFCRA strengthened audits of QFC certified companies for non-compliance with corporate governance guidelines and financial penalties for the organization's senior management and board of directors. Subsequent appeals to the QFC Regulatory Court have reduced fines for non-compliance, but QFCRA is a [...]
