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Throughout its existence, AI's transformative effect has been immense. It has transformed how enterprises, including those in the banking and finance sectors, perform and offer customer services. The AI in banking apps and services has made the industry more customer-oriented and technologically relevant. By increasing productivity and making dec
14 May 2024 /inclusion Banking
Banks are accelerating green lending and investing initiatives as they march towards realizing their net zero goals, partnering with their counterparties to reduce the combined carbon footprint. As I said in my last blog post[1], here are a few thoughts on “all that is green is not gold” and why robust risk management aspects and constructs merit ...
13 May 2024 /regulation /sustainable Banking Strategy, Digital and Transformation
Considering the highly dynamic nature of world politics and AML regulations pertaining to PEP screening and dealing with them PEP checks are becoming more of a challenging task rather than simply being a regulatory requirement to ensure business safety and security against the risks of money laundering, corruption and other crimes of similar natur...
07 May 2024 Exposing Financial Crime
Business KYC plays a crucial role in fraud mitigation in the business world. However, KYC regulations were insufficient because there was a loophole in which businessmen were taking benefits. Politically exposed persons such as PEPs, fraudsters, and criminals had ease in doing business under shell companies. In 2016, FINCEN introduced Know Your Bu...
07 May 2024 Business
With the growing demand for a consumer-like personalized interaction in trade workflows, alongside efforts to digitalize the industry, there is an emphasis on the need for ecosystem collaboration in trade finance. Agility and collaboration between banks, fintechs, and other third-party software providers will help drive innovation in meeting custo...
02 May 2024 /wholesale Banking Strategy, Digital and Transformation
Artificial Intelligence is “the” word in the data world. It’s a concept that will shape the organisations of the future. For the better. It’s like a magic word, that assures promises of hyper personalization, competitive edge, increasing revenues, transformation of service and product delivery et all to that will enable organisations to create com...
30 April 2024 /retail Analytics in Banking
The month-end close is a pivotal moment for any finance team—a time where accuracy reigns supreme, and missteps can have devastating consequences. As organizations look to ensure that all financial statements are in order, they encounter numerous challenges that can hinder their progress and expose them to unnecessary risks. According to a recent...
29 April 2024 /startups /markets Financial Transformation
In the complex world of business and entrepreneurship, the journey to success is undoubtedly a collective effort. Empowerment is a cornerstone leadership strategy that plays a pivotal role in fostering a thriving organizational culture. Avoiding the Micromanagement Pitfall Leaders often find themselves tempted by the pervasive allure of micromanag
25 April 2024 /people /startups
It was a privilege to be at the Paris Blockchain Week 2024, which brought together industry leaders, innovators and enthusiasts to discuss the latest trends and developments in enterprise blockchain and institutional crypto. Over the course of the week, I was fortunate to attend a number of ‘side events’ happening in parallel, including ‘Circle For...
23 April 2024 /crypto Blockchain in Banking and Financial Services
Generation Z is quickly becoming a force to be reckoned with in the world of investing. With a keen eye for technology and a desire to make their money work for them, Gen Zs are embracing investing like never before. This generation's digital natives are leveraging their technological prowess to navigate the complex landscape of financial markets.
18 April 2024
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