How Do AI Generative Text Technologies Affect the Payments Industry? The payment industry has been successfully implementing the technological developments into its payment solution systems, benefitting from the advantages of pace, security and efficiency of those enhancements. The AI generative text technologies are one of the fastest growing and spreading technologies that [...]
SWIFT Payment Pre-validation: Streamlining Cross-Border Transactions The field of cross-border transactions has always been complicated and faced with constant alterations as a result of ever-changing regulations, various currencies, and different banking systems in play. SWIFT (Society for Worldwide Interbank Financial Telecommunication) has long been at the forefront of supporting these transactions by [...]
Get Ready for ISO 20022 by March 2023 What is ISO 20022? ISO 20022 is a financial messaging standard that offers more structured, richer and accurate data in comparison to its predecessor ISO 15022 and aims to increase the levels of transparency, flexibility and automation in financial transactions and processes. ISO 20022 [...]
Neobanks vs. Traditional Banks: Definition, Differences and Impressions As the advancements in the internet era altered the way people experience the world evolving around the concepts like pace, online and free, it was inevitable for the “neo” (new) trend in the banking industry to emerge to catch up with the new demands [...]
2nd Compliance Conference Organized by the Turkish Compliance Association, 2nd Compliance Conference will be held on 14 December with the participation of the BRSA, CMB, SEDDK, and TSB presidents with the theme of "The Transformative Power of Regulations and the Catalyst Role of Legislation Harmonization". Fineksus, a pioneer Anti-Money Laundering (AML) and cross-border [...]
VI International Banking Forum Fineksus will be attending the 6th International Banking Forum as the Main sponsor in collaboration with Ritmus AZ in Azerbaijan. The 6th International Banking Summit in Baku Azerbaijan will host banking professionals around the region to cover “Reliable, Safe, and Sustainable Banking” with industry leaders. Fineksus will highlight key [...]
We are a Welcome Event sponsor in Discover at Sibos 2022. Discover area of Sibos, will host FinTechs with an innovative Welcome Event to meet and network with other banks, FinTechs, and software technology vendors on Monday 10 October 2022 in Amsterdam. Fineksus will be one of three sponsors of the Welcome [...]
Swift Payments and Transaction Screening When a global financial transaction is made, a SWIFT code may be necessary to tell banks and financial institutions where to transfer the money. The SWIFT code is used by banks and money transfer businesses to determine where to transmit money on a global scale. The SWIFT code [...]
3 Facts to Know About to Increase B2B Cross-Border Payments The market size of cross-border B2B payments was $1,000 billion in 2021 and it is expected to reach $2,515 billion by 2030 which means that in 8 years, a growth rate of 10.8% is anticipated for the B2B payments market according to [...]
Updated Sanctions against Russia Updated Sanctions against Russia Russia’s invasion over Ukraine resulted in the country facing new financial, trade and technology sanctions for the purpose of cutting off the financing of the war. Since Russia is a leading energy producer with its oil and gas sources, imposing sanctions against Russia and [...]
