What Is Customer Risk Rating in KYC? Customer risk rating is a systematic process used to assess the current level of risk of organizations or individuals. The customer risk rating provides a structured framework for illegal financial activities. Many institutions are at risk of facing financial crimes. Therefore, the risk rating can be [...]
What is an AML Compliance Officer? AML compliance officers are those responsible for the implementation of AML procedures. For this reason, they are at key points in the determination of financial crimes. In AML compliance programs, officers often follow the style set by the corporate leader. So this means that officers must have [...]
What are the Types of Fraud? Fraud is fairly common nowadays, so it can occur in a wide variety of ways. There are many types of fraud that threaten your financial security and your personal information. Understanding these types of frauds and taking steps to protect yourself is essential. The common types of [...]
How to Avoid and Recognize Authorized Push Payment Fraud? Authorized push payment fraud, which is common in today's digital world, is a threat to be paid attention and avoided. APP fraud involves a series of activities that receive unfair payment from individuals or institutions. In particular, institutions need to take precautions as it [...]
Fineksus will be an exhibitor at MENA BFSI Leaders Conclave 2024 Fineksus, a pioneering provider of advanced financial messaging and AML compliance solutions, is proud to announce its participation in the upcoming MENA BFSI Leaders Conclave 2024, which will be held at Dusit Thani, Dubai on May 22-23, 2024. This exclusive event [...]
Top Banking Trends in 2024 About a quarter century ago, the banking industry leaped into the realm of digitalization and it has transformed the understanding, operations, and the whole system of banking since then. Similarly, the quickly evolving and maturating field of artificial intelligence (AI), along with the new cloud computing and data [...]
Fineksus to Showcase Cutting-Edge AML Technology at Agora Fintech 2024 April 03, 2024 – Fineksus, a leading provider of innovative financial technology solutions, is excited to announce its participation in the upcoming Agora Fintech event, scheduled to take place from April 25th to April 27th, 2024. Hosted by Mobilefest in collaboration with [...]
What Is Watchlist Screening? Watchlist screening is a vital protective measure adopted by businesses to evaluate potential risks associated with individuals or entities they interact with. This methodical process entails cross-referencing against a consolidated "watchlist," containing information on individuals from high-risk countries, politically exposed persons, those in adverse media, money laundering offenders, and [...]
What is Cloud Technology in Anti Money Laundering? Money laundering poses a global threat to financial systems, with traditional Anti-Money Laundering methods struggling to keep pace with evolving techniques. Cloud computing emerges as a key solution, empowering financial institutions to enhance AML efforts through advanced analytics and machine learning. In this year 2024, [...]
What is Anti Money Laundering in Machine Learning? The worldwide increase in money laundering and financial crimes has led banks to invest substantially in bolstering their defenses. Nevertheless, traditional approaches face difficulties in keeping up with the constantly changing tactics criminals employ. The recent advancements in machine learning (ML) offer a pivotal opportunity [...]
