In order to protect the financial system from abuse, measures to comply with national and international embargo regulations are required. Filter software systems and their rule sets are of great importance there. However, these must be analyzed regularly to guarantee optimal hit quality.
Passwords are a necessity in our modern everyday life. But most Germans choose short and simple passwords for a large and increasing number of accounts. This makes it easy for hackers. With these tips, you can securely design and manage passwords to better protect your data.
Terrorists running online fundraisers. Cryptocurrencies are their preferred payment method. A new challenge for compliance.
Compliance will remain a complex and fast moving business also in 2020 and this blog will keep covering and looking at relevant topics from different perspectives. Diverse articles have caught a great deal of attention last year – from virtual bank accounts to KYC versus KYT to gifts and benefits from business partners. Here a complete overview and summary of the most popular topics in 2019.
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.
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.
The cloud offers numerous possibilities for the financial sector, which should be used and is no longer just a hype of the FinTechs. Compliance- as a service (CaaS) is a solution worth considering.
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.
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.
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.