Santa or Grinch? How you buy Christmas gifts online – convenient and secure!

Tobias Bumm/ December 2, 2019/ Uncategorized

Online shopping is booming. About 98 percent of Internet users are online buyers. No wonder, because it’s the most convenient way to shop and it offers more variety than local retail. But how do buyers find a truly legitimate online retailer and how safe are the offered payment methods? Here are the most important tips, so the Grinch won’t steal your Christmas.

AI is revolutionizing the bank’s customer relationship

Frank Erdle/ November 18, 2019/ Uncategorized

Digital assistants with Artificial Intelligence (AI) are on the rise in the financial sector.
One in three customers have no concerns using voice commands in banking. How a cutting-edge AI algorithm can lead to better control of sales management and higher business goals.

Digital Transformation and Compliance

Tobias Bumm/ October 15, 2019/ Uncategorized

While digitization is progressing, financial institutions are facing difficult tasks. Data is the new precious asset. New technologies must be implemented fast while the daily business runs on the existing system. But challenges are one of the best ways to spark innovation. Interdisciplinary teams have already been formed to embrace this transformation.

KYT is the Future of KYC

Uwe Henkelmann/ September 25, 2019/ Uncategorized

KYC is a central element in the customer onboarding process and the risk-based transaction monitoring. But how effective is KYC really for efficient transaction monitoring? The content of transaction data is often poorly suited to fully understand what the transaction is about. A closer look into how to better understand your transactions.

Smartphones turn into mobile banks

Matilda Kloiber/ August 14, 2019/ Uncategorized

Despite elaborated systems, financial crime is still an omnipresent topic for many companies. The increasing popularity of so-called direct banks presents compliance with a new challenge.

Even money launderers like to book on online travel platforms

Tobias Bumm/ July 31, 2019/ Uncategorized

While Germany, Spain and Greece were popular vacation destinations in 2018, bookings for North Africa and Turkey are on the rise this year. No matter where to: more and more trips are not booked through a travel agency, but by tourists themselves. In Germany, 40 percent of bookings already in 2017 – trend rising. The Internet is changing the travel

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