Tag: financial institutions
Using financial crime risk assessment as a strategic tool for business...
In the high-speed and complex financial landscape we find ourselves in today, one of the most significant hurdles to overcome is the ever-present threat of financial crime. Acuminor has outlined how firms can leverage risk assessment processes to boost optimization, customer satisfaction and competitive advantage.
Driving Financial Crime Detection: The Innovative Adoption of RegTech Tools
Embracing cutting-edge financial crime detection technology is critical for Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) and Fraud teams.
Unravelling the significance of transaction monitoring in the digital age
In a recent post by Flagright, the company gave a detailed outline of the role of transaction monitoring and why it is so important.
The indispensable role of threat and risk analysis
Facing the interconnected and complex financial ecosystems of today, financial institutions are grappling with regulatory compliance and financial crime prevention.
Emerging technologies have opened new...
The role of AML audits in enhancing regulatory compliance
In a recent post by Alessa, the firm outlined the role of AML audits in enhancing regulatory compliance at companies.
How Clausematch is setting a new standard in RegTech: A closer...
When we delve into the profiles of notable leaders from bigwigs such as Facebook, Google, Microsoft, or OpenAI, we're often awestruck by their relentless...
How can firms navigate FATCA and CRS reporting?
Ensuring compliance with CRS and FATCA can often feel like navigating a regulatory maze fraught with potential pitfalls, claimed MAPFinTech.
Tackling account takeover fraud: Detecting signs and implementing prevention strategies
In a recent post by Alessa, the company detailed how businesses can tackle account takeover fraud and ways to detect signs of it.
Bridging the gap in KYC Compliance: The Rising Tide of Automation
The financial sector has for long been bogged down by manual processes in adhering to regulatory standards. The spotlight now shifts towards embracing technology, particularly in Know Your Customer (KYC) operations. Fenergo has outlined the opportunities for KYC compliance automation.
Overcoming hurdles to adopt AI in financial crime detection
Amidst growing acknowledgment of AI's prowess in uncovering fraud and financial crime, there remains a gap between those financial institutions (FIs) recognising its potential and those implementing it.
