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, [...]
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? 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? 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)? 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? 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 [...]
How Does the Payment Screening System Work? The payment screening process stands out as an important barrier against illegal activities such as money laundering and terrorism financing. This arises from the complex world of financial transactions. This process ensures that financial institutions thoroughly review and approve each payment before making it, thus ensuring [...]
What is Financial Services Agency (FSA) Japan? Identity Theft: When a person engages in fraudulent activity by illegally obtaining sensitive personal information, such as a Social Security number or bank account information, it is known as identity theft. Financial services employees must be very careful to verify customers. Customer authentication and monitoring processes [...]
What is Financial Services Agency (FSA) Japan? Japan's Financial Services Agency (FSA) is the main regulator of the entire country's financial sector and is responsible for maintaining the stability of the industry. Based in Tokyo, the FSA was established in July 2000 within a department of the Prime Minister's Office. It oversees the [...]
What is Romance Scam? The number of people falling victim to love scams in 2023 increased by more than 20 percent compared to the previous year. This means that one in every ten dating profiles is fake. So people who use these platforms should be extra careful. Financial institutions (FIs) need to be [...]
