Tag: Banking compliance

Determining how effective an anti-money laundering (AML) model truly is has become a major challenge for financial institutions. Research from PwC shows that 90–95% of...

Banks play a pivotal role in the global financial ecosystem, acting as critical intermediaries in trade and financial transactions. This central position also makes...

In the world of financial services, few areas attract as much attention or scrutiny as anti-money laundering (AML) compliance. Recent headlines involving both challenger banks...

When navigating financial checks, customers often encounter terms like source of funds (SOF) and open banking. While they may sound technical, both play a...

Banks in the US will benefit from greater flexibility in collecting Taxpayer Identification Numbers (TINs) under new Customer Identification Program (CIP) rules from FinCEN, the OCC and the FDIC.

The financial services industry is witnessing a rapid shift towards software-as-a-service (SaaS) as institutions prioritise agility, security and operational efficiency in their compliance frameworks.

WorkFusion has teamed up with 1LoD to produce a comprehensive Financial Crime Benchmarking Survey & Report, offering fresh insight into how top global banks...

Tietoevry Banking has secured registration with the European Payments Council (EPC) to provide Routing and Verification Mechanisms (RVM) for Verification of Payee (VoP) solutions across Europe.

The Reserve Bank of India (RBI) serves as the primary financial regulator in India, steering monetary policies and overseeing the nation's banking framework. In a move to enhance cybersecurity in the financial sector, the RBI has unveiled its Cyber Security Framework, which sets a comprehensive suite of controls and guidelines to mitigate growing security risks effectively.

In a three-part series on the topic of customer experience, TAINA CEO Maria Scott has recently discussed in the first article how regulatory technology is the ‘next frontier’ of customer experience.