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Introduction This blog is based on an article co-authored along with Matthew Lamons, CEO of The Intelligence Factory and is an edited version of the same article. As a matter of introduction and co
Preventing fraud is a major concern for every financial institution. Banks, in particular, must ensure that only the rightful account owner accesses their account and that no incorrect payments are ma...
The banking industry is undergoing a transformative evolution, driven by the rapid advancement of financial technology, or fintech. This burgeoning collaboration between traditional banks and fintech ...
Payment facilitators (Payfacs) are used by millions of small businesses every day to run their operations. In a competitive market, the difference between Payfacs can be as small as a point or two of ...
Future banks should evolve to offer holistic financial solutions, moving beyond fragmented services and limited offerings. In this article, we’ll discuss how, by focusing on integrated solutions that ...
The Payment Services Regulations (PSR) approach will bring about a significant change for all the payment firms. Its aim is to proactively prevent Authorized Push Payment (APP) fraud from occurring. I...
Fraud accounts for atleast 40% of financial crime in the UK. In 2022, UK banks have identified over 39,000 accounts demonstrating behavior indicative of money muling[1]. NCA estimated that over GBP 10...
During the never ending ecosystem development of the FIRST INDUSTRIAL EVOLUTION EVER LED BY MAN (HUMAN), means INDUSTRY 5.0 new discoveries are found every single day. It happen thanks to 6R methodolo...
KYC (Know Your Customer) and Due Diligence are key elements for the successful operation of any business, especially in today's globalized world, where the risks of fraud and financial crimes are incr...
Embarking on an investment journey can be exciting yet daunting, particularly for young and new investors. Starting early is crucial, allowing time to benefit from compound interest and to recover fro...
Let’s talk about AI and remittances. Despite the enormous size and tremendous importance of the money transfer industry, little is heard about how AI is used or is proposed to be used. There are the u...
Forex is the world’s most lucrative market, and with the rapid rise of digitalization on a global scale, we may be set to see more broker-dealers adopt a far more international focus as information ba...