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.
Money Laundering Through Online Gambling
Money Laundering Through Online Gambling As criminals use online gambling's anonymity and worldwide reach to wash filthy money, money laundering through these platforms raises increasing questions. Effective fight of this threat depends on operators and authorities knowing the hazards and common strategies. Money Laundering Risks in Online Gambling Online gambling sites' worldwide character [...]
How Regtech is Used in Anti Money Laundering (AML)
How Regtech is Used in Anti Money Laundering (AML)? Companies' anti-money laundering (AML) compliance is being transformed by regulatory technology, sometimes referred to as RegTech. As financial crimes become more complex, conventional approaches of spotting and stopping money laundering are growingly insufficient. RegTech uses artificial intelligence (AI), machine learning, and data analytics among [...]
Case Study: Oman Investment Bank’s Experience with Fineksus’ Service Bureau Service
Success Story: Oman Investment Bank’s Experience with Fineksus’ Service Bureau Service OIB’s Head of Operations Mark Morris shared his experience with Fineksus Service Bureau Service (SBS): Understanding OIB’s Unique Requirements We are pleased to share our exceptional experience with Fineksus’ (SBS). From our initial discussions, it was clear that Fineksus possessed a profound understanding [...]
What are the FinTech Trends in 2024?
What are the FinTech Trends in 2024? FinTech industry has been continuously evolving to reshape the financial environment and in 2024 new trends emerged in FinTech changing the way individuals, companies and institutions use the financial services. Boosting efficiency, improving customer experience and increasing transparency in the financial world are the ultimate [...]
Bülent Bulut Joins Fineksus’ Advisory Board
Bülent Bulut Joins Fineksus' Advisory Board With 19 years of experience in the financial technologies sector, Bülent Bulut has joined the advisory board of Fineksus. This partnership aims to enhance Fineksus' innovative solutions in the FinTech ecosystem.Bülent Bulut has an extensive background in Web2 and Web3 technologies, focusing on fraud, risk, payment systems, tokenomics, [...]
Case Study: Hayat Finans – Fineksus’s Pioneering Role in ISO 20022 Migration
By partnering with Fineksus, Hayat Finans achieved a successful ISO 20022 Migration, enhancing their operational efficiency and compliance. Background Hayat Finans stands out as Turkey's first digital bank, founded on 10 August 2022, pioneering innovative solutions and redefining the banking landscape. Hayat Finans has quickly gained traction and demonstrated promising success in the banking [...]
What Are the Key Takeaways from the Financial Action Task Force (FATF) Plenaries in February and June 2024?
What Are the Key Takeaways from the Financial Action Task Force (FATF) Plenaries in February and June 2024? In 2024, the Financial Action Task Force (FATF) held two major plenary meetings—February in Paris and June in Singapore. These meetings brought together global experts to address money laundering (ML), terrorism financing (TF), and [...]
What is Payment Screening?
What is Payment Screening? It is the process of analyzing, verifying and checking incoming and outgoing transactions. This method reveals the risk of inaccuracies or criminal activity in any payment transaction. This allows financial institutions to act quickly in reporting an illegal transaction or processing any payment. Companies often follow this method comply [...]
What is Council for Financial Activities Control (COAF)?
What is Council for Financial Activities Control (COAF)? Financial activities play an important role in the global economy. It is important to ensure the integrity, transparency and regulatory compliance of these activities. In many countries, regulatory bodies have been established to supervise and monitor financial activities. These institutions often work to prevent illegal [...]
What is business email compromise (BEC) fraud?
What is business email compromise (BEC) fraud? Business Email Fraud (BEC) is a method of defrauding businesses that process wire transfers. BEC affects global companies as well as governments and individuals. In fact, the daily global loss caused by this fraud method is estimated at approximately 8 million dollars. In this method, fraudsters [...]
