Tag: Banks

In the competitive landscape of banking, customer onboarding emerges as a pivotal phase, with customer due diligence standing at its core. When managed poorly, the onboarding process can deter potential clients, causing banks to miss out on new revenue streams. Conversely, hasty or inaccurate due diligence could lead to the acquisition of customers who pose commercial and reputational risks, potentially incurring hefty regulatory fines.

Radian Group, a leading company in mortgage and real estate services, announced a strategic investment in FinLocker, a revolutionary app designed to assist in personal financial fitness and homeownership.

FusionIQ, a leading provider of cloud-based wealth management solutions, joins forces with Kinecta Federal Credit Union in a strategic partnership aimed at enhancing digital investing services for financial institutions.

Fraud in the UK has become a significant concern, with 40% of crimes being fraudulent. Money muling is at the forefront, where fraudsters utilise synthetic or real mule accounts for financial gain. The UK government, recognizing the seriousness, plans to publish an action plan to combat this issue. 

Regulators in the US are set to tighten the screws on banks regarding which communities they serve through online lending.

The ABS has declared the advanced security measures taken by significant retail banks in Singapore are proving effective against scams.

Carefull, an AI-driven FinTech platform, has taken a significant stride forward in its mission to safeguard the finances of older adults. The company successfully closed...

A study led by IBM Institute for Business Value (IBV) has shed light on the discrepancies between the priorities of bank executives and their consumers.

The allure of the Metaverse seems to be waning among UK banks, according to a new report from Hexaware Mobiquity.

Kroo, the digital banking startup based in the UK, is gearing up for its next significant investment endeavour.