Blogs
Building the future of fintech.
Best Fraud Prevention Tips for Digital Currencies
Cryptocurrencies and digital currency trading and exchange platforms have been becoming increasingly common in recent times. For the first time, investors and crypto enthusiasts entered the market because of the sudden boom in the value of Bitcoin. As cryptocurrency’s core nature is anonymity, financial institutions are becoming increasingly aware of a rise in money laundering […]
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Customer Due Diligence
Security should be the first and foremost priority of financial institutions and banks. You wouldn’t want to provide access to financial systems to fraudsters of any kind? It makes sense for banks and financial services institutions to vet their customers and potential customers thoroughly. Verifying customers before giving them access to financial services is crucial. […]
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Open Finance and Changing Role of a Bank Manager
The digital revolution in the banking industry has been put into overdrive since the pandemic, and many sectors are changing customer landscapes. Business banking is no exception. Banks are now facing growing pressure to introduce new processes in line with customers’ heightened expectations. One finance can transform SMB banking by replacing traditional manual processes. It […]
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FinTech 2022 – A Brief Insight into Global KYC Regulations
Financial services globally are heavily regulated by regulated bodies. The number one concern of the government about FinTech companies is the growing rate of fraud. Over the years, FinTechs have achieved incredible growth and flexibility. They can launch new services quickly, focus on scalability, and adapt fast. Although, the rapid growth of FinTechs doesn’t come […]
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Digital Account Opening and BSA Teams
Small and large businesses are the same as they are required to follow the same Bank Secrecy Act (BSA) regulations. The associated costs and workload are manageable for big institutions with big teams, but it’s tough for smaller compliance teams. Fortunately, by implementing digital compliance tools, banks of all sizes can enhance their compliance procedures. […]
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Proof of Address Guide in US, UK, and Canada
Moving to a new country? Opening a new bank account is one of the first things that you need to do, as there’s no way to survive without money. To open a new bank account in the US, all you need is a driver’s license or a state-issued photo ID. Opening a bank account, or […]
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What is Blockchain? How Does It Work in Favor of Business?
Blockchain for business is invaluable for entities that transact with each other. The distributed ledger technology allows participants to access the same information at any time to improve efficiency, build trust, and remove friction. Blockchain also allows businesses to rapidly scale and perform various tasks across industries. Blockchain for small business offer four main benefits: […]
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Online Payments: Reinventing Customer Experiences
The idea of the digital economy has been around for a long time, but the Covid-19 pandemic finally pushed the idea into a reality. Several businesses have made the idea possible by launching digital financial products and services. Before the pandemic, online payments were becoming highly famous among customers. Cash payments have been steadily declining […]
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How Digital ID Verification Can Mitigate Crypto Fraud
Cryptocurrencies have seen incredible growth in the last decade and they are emerging as a mainstream market and a viable investment choice. The digital currency has become more famous since the Covid-19 pandemic. While the pandemic has ruined the growth of many industries, it has advanced and expanded the use of online banking and digital […]
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Identifying Fake Bank Statements: How to Fight Fraudulent Applications
Prospective tenants, bank account openers, and other bad actors can use fake bank statements to commit a series of illegal activities. While fraudsters are getting smarter, they also utilize technologies to make near-perfect bank statements. Manual verification methods can’t keep up with the standards set up by bad actors. Identifying fake bank statements is the […]
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