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As migration increases and globalisation continues at pace, financial institutions around the world are having to review and verify a greater range of identification (ID) documents when onboarding cus...
The evolving landscape of fraud in the financial sector demands a proactive approach to security. As criminals constantly refine their tactics to exploit vulnerabilities, the importance of predicting ...
The surge in cybersecurity breaches and financial scams presents a significant challenge and it is an ever-present danger in a sector that is increasingly digitalized. The core issue lies in the anony...
In the realm of financial services and beyond, ‘Know Your Customer’ (KYC) has long been a foundational principle. Initially implemented as a means of combating money laundering, terrorist financing, a...
Data contract flexibility makes a significant difference in how financial institutions respond to market shifts and manage spend. Why? Because with the right flexibility, institutions can align their...
An emerging pain point many financial institutions grapple with is ‘bureau lock-in’ – over-reliance on a single credit reporting agency (CRA). This data dependency narrows perspectives to one view, re...
Thank you to technological advances, it is becoming increasingly convenient for consumers to carry out online transactions, such as online purchases and money transfers by clicking on a link or using ...
Increasing geopolitical instability, regulatory developments, and technological advances are set to contribute to a rapidly changing anti-money laundering (AML) landscape in 2024. Here, we look at eac...
A thought on the PSR’s recent statement on APP reimbursement policy: Under the Consumer Standard of Caution, “consumers should have regard to interventions made by their sending PSP […] those interve...
Fraudsters are fickle. What’s new is old in the world of cybercrime, with fraudsters often just repackaging up an old attack with a new bow. But it is for this very reason that it is so difficult to p...
Since January 1, 2024, the U.S. government now requires many firms to report information about who ultimately owns and controls them as an effort to ‘make it harder for bad actors to hide or benefit f...
Introduction In today's dynamic and increasingly digital financial landscape, the quest for maximizing conversions while minimizing financial fraud has become a top priority for businesses. Machine le...