Tag: financial
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Defeating Frankenstein’s monster: A tale of the financial industry’s fight against synthetic identity fraud
By Alex Tonello, Chief Revenue Officer, Trustfull What do Mary Shelley and financial fraudsters have in common? They’ve both created fake characters that were made of component parts of other people. Or, to state its proper name in the case of fraudsters: synthetic identities. This type of financial fraud is no work of fiction – unlike…
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10 banking and tech innovations that could determine the financial landscape in 2024:
By Monica Eaton, CEO of Chargebacks911 Artificial Intelligence (AI) As perhaps the hottest topic in technology right now, this one is a no-brainer. AI tools like chatbots swiftly address queries, while biometric solutions bolster security and refine AML and KYC processes. From streamlining document analysis with computer vision to leveraging machine learning for improved lending…
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Financial education as an employee benefit
By Judith Lamb, CHRO at CloudPay Historically, employee benefits might have taken the form of gym memberships and healthcare plans. But, over the past two decades, employers have started offering a much wider range of perks than ever before in order to recruit and retain the talent they need, from flexible working hours through to…
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FBS Reveals Three Key Macro Factors Shaping Financial Markets in Q4
Singapore, Singapore, October 31st, 2023, FinanceWire FBS, a leading global broker, presents an overview of the most significant macroeconomic trends traders should consider in the fourth quarter of 2023. In accordance with the brand’s mission to equip traders with tools and knowledge to conquer the financial markets, FBS financial market analysts have compiled an exhaustive…
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Industry-first Financial Guarantee Launches to Enable Confident Funding for Creative Projects
Media Credit Guarantee from Kerry London Europe provides a financial guarantee to bring more independent films, tv series and animations to life (London, United Kingdom), Tuesday, 31st October 2023: A brand new financial guarantee, designed exclusively for the film and media industry, will finally provide lenders across the globe with financial security when funding independent productions. The Media…
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The Buy vs. Build Dilemma – how financial services firms can save around two-thirds on risk orchestration fraud and financial crime costs
By Edward Vaughan, senior director at LexisNexis Risk Solutions, looks at the potential costs of buying or building a risk orchestration platform. The benefits of orchestration Risk orchestration is gaining incredible traction in regulated sectors. The technology can help firms to optimise multiple sources of data, and screening and monitoring tools that are used to…
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Exploring DORA: What the Digital Operational Resilience Act spells for financial services
Over the course of the last decade, technology adoption has accelerated across the financial services sector. From investments, to banking and tax, many services are now delivered digitally or are supported by ICT infrastructure. For all the benefits this brings – efficiency and cost savings amongst them – the sheer scale and speed of this…
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The Complete Guide to Financial Reconciliation
While it isn’t the most glamorous process, financial reconciliation plays an integral role in ensuring the accuracy and reliability of a company’s financial records. Your tax compliance, reporting, and forecast accuracy depend entirely on your financial data. It’s critical to understand and implement this process correctly. In this guide, we’ll cover everything you need to…
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Finhabits CEO on the $113 Trillion Collective Hispanic wealth opportunity that financial firms are missing
If Carlos Garcia, founder of Finhabits, is right, then the financial sector is overlooking a huge opportunity when it comes to U.S. Hispanics. While U.S. banks have shown a growing interest in the wealth potential of the Hispanic population, few have cracked the code on catering to the unique financial needs of a group estimated…
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How the LEI Can Help Financial Institutions ‘Address’ a Growing Challenge in ISO 20022
The vast complexity and inconsistency of address formats globally presents significant challenges for financial institutions. In this blog, GLEIF’s Head of Business Operations, Clare Rowley, explores why the ability to map relevant address fields from Legal Entity Identifier (LEI) reference data into the ISO 20022 messaging format is a powerful means of improving data quality,…