Fraud Fighting and AI
on Sep 12th, 2018.
Security Pacific National Bank was the first FI to have used AI in 1087, although compared to today’s, it was pretty basic technology. In 2016 Mastercard introduced Decision Intelligence, the first AI network implemented on a global scale. We can also see IBM’s Watson being used in several industries, from health to finance. Even big banks, such as HSBC utilize AI in their everyday operations, such as AML/KYC.
5 Reasons to Invest in Blockchain Network
on Aug 29th, 2018.
Cross-border transfers - payments and remittances have been exposed to loopholes in the system which leads to a high risk of illicit actions and high fees. These fees can vary from 1% to 22% and are often paid by the most vulnerable groups.
Working with Communities: Our Utmost Responsibility
on Aug 3rd, 2018.
Earlier this week, our Chief Compliance and Ethics Officer, Daniel Medina was invited to provide a workshop on building a compliance program for non-profit organizations “General Assistance Meeting of the State of Hidalgo” (Junta General de Asistencia del estado de Hidalgo). The workshop was organized by the Government of the State of Hidalgo, Mexico.
Let's Get Digital Conference in Macedonia
on Jun 13th, 2018.
The National Bank of the Republic of Macedonia hosted the 11th Conference for Payments and Market Infrastructures: Let’s Get Digital in cooperation with the De Nederlandsche Bank, which was held in Ohrid, from 6th to 8th of June 2018. The Conference which has had an international character for many years will enlighten the ongoing global process of moving to a digital business and payments.
Disruptive Compliance for Fintech Industry
on May 10th, 2018.
The traditional AML Compliance approach is becoming obsolete. It is the era of Financial Crime Compliance! Here are some tips that could help your Fintech.