Identity capture and verification solutions verifies and authenticates the user in real-time to prevent impersonators from committing fraud. In digital identity verification, the solution connects and collates data from government databases, utilizes liveness detection methods including g biometric verification and facial recognition to determine the genuineness of the individual.  These solutions verify user identities, control […]

Summary   Financial markets have experienced failures and enormous losses in the last decade owing to various factors, including rogue traders. These events have led to the evolution of increasingly stringent regulations, such as Reg BI, MAR, MiFID II, Dodd-Frank, and Code of Conduct, along with guidelines from regulatory agencies, including CFTC, SEC, FINRA, and ESMA, […]

Summary   Adoption of Integrated Payment Platform by organizations is driven by the objective to streamline their payment processing, provide end-to-end payment processing, automate manual accounting, reduce human errors, save time, and accelerate cash flow. An Integrated payment platform enables banks, processors, central infrastructures, networks, acquirers, and merchant intermediaries to process the full lifecycle of payments. […]

Summary   Enterprise Treasury and Risk Management solutions eliminate the use of inconvenient spreadsheets and offer visibility and reporting to improve cash, manage liquidity, investments, debts, compliance, and bank accounts. Vendors are offering cloud-based advanced treasury and risk management solutions that help FIs to automate their financial operations and provide a complete view of assets, cash, […]

Summary   The digital transformation journey continued by organizations globally is driven by the objective to reduce cost, increase efficiency and availability, and improve customer experience. The increase of services provided over the internet such as banking, shopping, transactions, socializing, and more is giving rise to fraudulent activities. To take advantage of this, cybercriminals are using […]

Digital Asset Management (DAM) is a system and technology that stores, organizes, and retrieves digital content for organizations and is an easy-to-use centralized database promoting ease of asset management by acting as a library and providing well-organized storage for different kinds of media, including text, photos, audio, videos, and documents. The DAM system can ably […]

A sanction screening and watchlist monitoring solution leverages AML and KYC to facilitate effective case investigations. The vendors are also focusing on offering seamless integration of their sanction screening solution with various global data sources, including sanctions, watchlists, PEPs, and adverse media, for delivering sophisticated customer screening capabilities and helping FIs stay compliant. These integrations allow FIs to perform customer […]

A Business Continuity Management (BCM) is a solution that safeguards an organization’s resources, such as processes, assets, people, products/services, and ensures operational continuity in the event of a disaster. Modern BCM solutions cover risk identification, risk assessment and remediation, crisis management, disaster recovery, enterprise risk management (ERM), and more to manage and mitigate risks. The […]

Anti-Money Laundering (AML) solutions help financial institutions and government organizations to monitor and analyse customer data and transactions to detect, prevent, and report suspicious, money laundering activities and improve AML compliance. Modern AML solutions use advanced analytics, artificial intelligence, and machine learning to predict potentially fraudulent activities to further strengthen the organization’s AML compliance readiness.  Key […]

Stopping money laundering is an especially vexing task that businesses must follow. They must walk a tightrope, balancing coping with an increasingly stringent slew of regulations with keeping away fraudsters resorting to novel ways, aided by technological advancements.to carry out cyberattacks. The COVID-19 pandemic has added a new wrinkle by allowing fraudsters to walk away with billions of dollars […]