Fighting Financial Crime Risks Through Machine Learning

The global banking industry is grappling with an ever-growing threat of financial crimes, particularly money laundering and sanctions violations. The costs and risks associated with these criminal activities are staggering, with an estimated loss of $1.6 trillion, equivalent to 2.7% of the global GDP, due to money laundering alone. Additionally, the rise in sanctioned [...]

By |2023-06-01T08:14:43-07:00June 1st, 2023|Blogs, News|0 Comments

What is FedNow and what it means for businesses

The Federal Reserve is set to launch its new real-time payment service, FedNow, in July. With the potential to reach thousands of U.S. banks and credit unions, this new payment service is expected to revolutionize the payments industry. But what exactly is FedNow, and how will it impact businesses? Let's take a closer look. [...]

By |2023-04-25T00:25:59-07:00April 25th, 2023|Blogs, News|Comments Off on What is FedNow and what it means for businesses

US Prepaid and Debit Card Industry in 2022 [Infographic]

The prepaid debit and credit card industry has been steadily growing over the past few years with more businesses getting involved in the prepaid market arena.  COVID-19 cannot be overlooked as an influencing factor in this industry, as it has accelerated the need for cash alternatives and overall demand for cards. As a means [...]

By |2023-04-25T00:11:51-07:00October 14th, 2022|Blogs, News|Comments Off on US Prepaid and Debit Card Industry in 2022 [Infographic]

[Infographic] The Challenges of Compliance in 2021

2020 proved to be a rough year for the financial services industry, with the Covid-19 pandemic bringing with it new challenges and exposing shortcomings within the sector. In 2021, the pandemic has continued to change the way compliance functions operate within organisations; hybrid working policies becoming more prevalent, the increasing [...]

By |2021-08-03T06:37:23-07:00August 3rd, 2021|Blogs|Comments Off on [Infographic] The Challenges of Compliance in 2021

The Challenges of Compliance in 2020 [infographic]

As the financial world gets more and more regulated, organisations are facing greater burden and stress to keep up with the pace of alterations and to comply with the evolving regulations. Tightening of risk and compliance budgets, regulatory and cultural change and the possibility of increasing personal liability, are just a few of the [...]

By |2020-10-27T08:20:25-07:00July 20th, 2020|Blogs, Posts|Comments Off on The Challenges of Compliance in 2020 [infographic]