Fintech Compliance – The Ultimate Boogeyman for Trillion Dollar Industry?
Fintech industry is flexing its muscle by bringing onboard more and more customers and innovating their way to higher valuation and larger transaction volumes. Only in the US alone, the…
What is Open Banking & Why Does it Matter in 2019?
Open banking is surely one of those trends that have the potential to change the banking and financial landscape for generations to come. It is estimated that only in the…
How Brexit Impacts UK-based Identity Verification Companies?
Brexit and its ramifications for the UK seem to be the only topic that anyone is interested in Britain right now and even the entire world is looking towards the…
Artificial Intelligence can reduce cost of AML compliance by $217 Billion
The U.S. financial firms spend approximately $25.3 Billion in terms of compliance, risk management and AML procedures. Europeans banks come close with $20 Billion annual AML expenditure. The increasing territorial and…
RegTech facilitates effortless AML Compliance
The latest report by Research and Markets states that RegTech industry is expected to grow to USD 12.3 Billion by 2023. RegTech is relatively a newer concept. It leverages technology…
US Treasury opposes European Commission’s “Name & Shame” AML Country List
The European Commission has adopted a new list of 23 countries which lack appropriate framework for anti-money laundering and counter terrorist financing. On February 13th, the EC published its report…
Why are PEPs considered high risk and a threat to Business?
In Financial and Trade industry, you may have often heard the term PEPs and importance of early stage PEP detection in order to offset money laundering and terrorist funding. Politically…
Credit Card Fraud – How Businesses & Consumers can Avoid it in 2019?
With a bulk of customers using online services, businesses wish to digitise their operations and provide online modes of payments for their customers. Amidst this digital integration arises the threat…
GDPR Checklist – Practices EU wants you to adopt as Business Norms
It’s been a little over eight months since the GDPR came into effect on 25 May 2018. From that point onwards all organizations are expected to be compliant, however many…
3 Industries Where KYC and AML Compliance will Gain Significance in 2019
As the type and amount of fraudulent activities have increased over the years, governments and regulatory bodies have been driven to push forth more stringent KYC AML compliance policies. Many…
