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.
Whitepaper: ISO 20022 Migration Guide
ISO 20022 Migration Guide This white paper explores depths of the current payments landscape, key contributor aspects of ever-changing financial ecosystem and the infrastructure renewal of cross-border payments by ISO 20022 migration, a transition that will replace the predecessor, ISO 15022, almost three decades later. It also addresses the benefits and pitfalls of this [...]
What is ISO 20022?
What is ISO 20022? How can a standardized approach improve the financial messaging system? Importance of standardization in financial messaging for international value transfers The current cross-border payments landscape is faced with the problem of lack of interoperability and integration between different clearing systems. To address the issue, standardization in the financial messaging is [...]
Webinar: “Uluslararası Ödemelerde Trendler”
Dr. Soner Canko moderatörlüğünde Fineksus Ürün Müdürü Tuncay Çoruh ve Fineksus Çözüm & Proje Lideri Gökçe Gence ile "Uluslararası Ödemelerde Trendler"in konuşulduğu Webinar kaydını videodan izleyebilirsiniz.
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 [...]
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. [...]
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 [...]
Anti-Money Laundering (AML) Regulations
Anti-Money Laundering (AML) Regulations 1. Anti-Money Laundering (AML) DefinitionAnti-Money Laundering (AML) includes policies, laws, and regulations aimed at preventing financial crime. AML is a worldwide term for money-laundering prevention. There are global and local regulatory authorities established around the world to prevent financial crimes. Each country has a different AML policy, therefore banks and all [...]
Anti-Money Laundering (AML) & Counter-Terrorism Financing (CTF) Compliance
Anti-Money Laundering (AML) / Counter-Terrorism Financing (CTF) Compliance What is Anti Money Laundering Compliance?Anti-Money Laundering (AML) Compliance is a process that consists of the laws, regulations, and policies for identifying and preventing financial crimes. The clients are protected against any sanctions, PEPs (Politically Exposed People) lists, and global watch lists.What is the Counter-Terrorism Financing (CTF) [...]
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 [...]
Trade-Based Money Laundering (TBML)
Trade-Based Money Laundering (TBML) What is Trade-Based Money Laundering?Trade-Based Money Laundering is a money-laundering scheme that emerged and became appealing to financial criminals with the increased Anti – Money Laundering controls. Through Trade-Based Money Laundering, criminals can go ahead with their money-laundering operations by benefiting from the leaks in the regulations of cross-border trade. Trade-Based [...]
