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.
Financial Action Task Force (FATF)
Financial Action Task Force (FATF) The FATF (Financial Action Task Force) is an intergovernmental organization that designs and promotes policies and standards to fight financial crime. The recommendations made by the FATF cover money laundering, terrorism financing, and other threats to the global financial system. It was created in 1989 at the request of the [...]
Foreign Account Tax Compliance Act (FATCA)
Foreign Account Tax Compliance Act (FATCA) What is the Foreign Account Tax Compliance Act (FATCA)?Preventing tax evasion is a global priority. It was estimated that around $40 to $70 billion is lost each year to international individual tax evasion. It is a financial crime that needs international regulations to combat. Along with efforts at the [...]
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, [...]
AML Strategy Guide
AML Strategy Guide Discover how RegTech innovations provide new technologies for financial institutions. Download the Guide
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 [...]
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 [...]
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 [...]
Real-Time Payments: Re-defining the Payments Landscape
Real-Time Payments: Re-defining the Payments Landscape The real-time payments system is a money transfer innovation that offers instantaneous payments, real-time communication, ubiquity and extensive data transfer between banks and banking systems. Payments can be made and received 24/7, 365 days including holidays and weekends. Together with the rapid improvements in mobile technology and digital [...]
Infographic: Cost of Compliance in Uncertain Times
Cost of Compliance in Uncertain Times Compliance has been on the edge of innovation for banks and financial service providers with instant growing technologies; due to increase in global financial risk. Industry leader banks and financial institutions are making smart partnerships with technology providers to broaden the resiliency of their compliance infrastructure. According to [...]
Distributed Ledger Technology and Blockchain: Potentials and Challenges
Distributed Ledger Technology and Blockchain: Potentials and Challenges Distributed Ledger Technology (DLT) is a new method of data validation that does not require a trusted authority and it enables to record, share and synchronize data across a distributed network of data stores and participants in a transparent way. Distributed ledgers (DLs) simply refer to [...]
