Whose KYC data standards? Yours? Mine? Theirs?
by Jack Large
Whose are Know Your Customer standards are you going to use: The banks? Thomson Reuters’s? KYC.com’s
Fraud Prevention
Background
Fraud is wrongful deception for financial gain. The global levels of fraud are huge and growing: according to the Association of Certified Fraud Examiners (AFCE) in the USA, a typical business loses 5…
Read moreIs there a solution to corporate treasury’s KYC problem?
by Jack Large
Thomson Reuters have just signed three buy-side clients for their Org ID service, and new technologies stabilising, but is it enough?
Are you ready in real-time for the EU 4th AML Directive?
by Jack Large
All businesses are responsible for anti-money laundering checking: Do you really know your customer and understand each transaction? Are you ready to report to suspicious transactions immediately?
EBA consults on fraud reporting requirements under PSD2
by Bija Knowles
To address the problem of obtaining reliable, comparable data on payment fraud, the EBA is seeking to establish guidelines on reporting requirements for payment fraud statistics
4 cybersecurity myths that will help you better protect key corporate data
by Kylene Casanova
Companies need to ask key questions about their cybersecurity strategy: which data is most at risk; how much should you spend; and what are the non-technical ways to protect data?
Economic insecurity is fertile ground for digital innovation
by Kylene Casanova
Global political and economic uncertainty are creating a new breed of digital innovators, according to a survey of IT executives from 86 countries
Fraud prevention: latest research and tips
by Kylene Casanova
Telltale signs; contactless fraud; eyetracking technology; money laundering; cutting off terrorist funding; cost of fraud prevention
A solution for eliminating the human risk from bank security?
by Kylene Casanova
Most might think they'd never fall for a socially-engineered cyber attack but, according to Vasco Data Security, social engineering is growing steadily
SWIFT to roll out KYC Registry to non-SWIFT banks
by Kylene Casanova
From September, SWIFT will open up membership of its KYC Registry, used by nearly 4,000 correspondent banks and funds players, to all supervised financial institutions
Opportunities in technology but cyber risks are huge, say c-suite execs
by Kylene Casanova
Cybersecurity is the top operational challenge for c-suite executives, while a positive technological disruption in their sector is also seen as one of the top external opportunities
How to limit financial impact of a cybersecurity breach
by Kylene Casanova
From a stock price tumble, to losing customers and millions in revenue loss, there are some preventative actions against a cybersecurity attack that companies can't afford not to put in place
Is money laundering endemic and unstoppable?
by Kylene Casanova
Today’s Wall Street Journal report shows how much work is needed globally and in each country
We are losing the battle against fraud = more new regulations and procedures
by Kylene Casanova
There is no escape: corporate treasury departments will have to cope with many more new practices and technologies
The impossible dream: just one Digital ID in today’s digital e-commerce world?
by Kylene Casanova
Who do you trust to run a Digital Identity system: Banks? Governments? Facebook? Google? Apple? LinkedIn? The clear winners will be………
4AMLD is here but EU must increase efforts to fight financial crime
by Kylene Casanova
It's estimated that 2-5% of global GDP is lost through money laundering. Now 4AMLD has become national law in the EU but more needs to be done to tackle financial crime
Look for the financial opportunities in artificial intelligence
by Kylene Casanova
Artificial Intelligence is the biggest commercial opportunity today and will boost global economic output by 14 per cent by 2030, according to research by PwC
Focus on risk as 4th AML directive comes into effect
by Kylene Casanova
The 4th EU AML Directive entered into national law yesterday, with clear guidelines on how banks should tackle crime, but huge obstacles remain, including cost, IT and personnel
Treasurers increasingly qualified but concerned with cybersecurity and geopolitical risk
by Kylene Casanova
Cybersecurity, financial regulation and geopolitical uncertainty, including Brexit, are major concerns for corporate treasurers, according to research by the UK's ACT
Cybersecurity is neglected by most companies in annual reports
by Kylene Casanova
A survey of annual reports published by 800 companies found that most are not providing enough data on their cybersecurity strategies and few consider it a boardroom issue
Filtering out fraud without ruining your conversion rates
by Kylene Casanova
How can you detect fraud in online sales channels, without putting off genuine customers and causing some to abandon their online purchases before they reach checkout?
Fraud’s underground marketplace is targeting your organisation
by Kylene Casanova
Symantec Internet Security Threat Report shows fraud is a business and details the best practices to prevent each type of Internet threat
Latest tips and services for preventing cyberfraud
by Kylene Casanova
Dangers of social media, AML best practices, avoid ransomware and enhancing qualification capabilities online
UK banks look to regtech to overcome financial crime challenges
by Kylene Casanova
Should corporates have faith in their banks' security systems? Banks's legacy systems are a key weakness in fighting financial crime, while evolving criminal methods is a pervasive challenge
Is this how KYC is going to work? Give all processing to third party operators?
by Kylene Casanova
Standard Chartered Bank to join Thomson Reuters KYC Managed Service for Africa becoming fourth bank to join regional partnership to accelerate on-boarding of customers