Blogs
Building the future of fintech.
What is PSD2 Compliance? Everything You Need to Know About It
Businesses must stay compliant with all emerging regulations, not just for legal reasons, but also for keeping themselves afloat. One important regulation businesses must comply with is the PSD2 compliance, also known as the Revised Payment Services Directive. The EU enforces PSD2 and the regulation aims to improve consumer protection. The second part of the […]
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How Hyper-Personalized Communications Can Prevent Scams?
Financial institutions are increasingly being required by regulators worldwide to enhance their communication with customers when a scam is suspected. While these regulatory steps are crucial in combating scams, some organizations are already going beyond the basic requirements. In this blog, we’ll discuss all the instances where hyper-personalized conversations can deter fraud. Recent Regulatory Changes […]
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Top 10 Cyber Security Threats in 2024
As technology continues to evolve, so too does the potential for cybercrime. Every year, the number of cyberattacks are growing significantly. The costs of cyberattacks are growing every year, on average, it’s expected to grow to $24 trillion by the year 2027. Businesses need to understand and prepare for cybersecurity threats is more critical than […]
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Supplier Onboarding Process: A Step-by-Step Guide
Supplier onboarding is collecting and verifying vendor information, and assessing vendor compliance and risk. Once all the information is vetted, businesses can include the suppliers in their supply chains. Supplier onboarding is a challenge for most businesses as they have to set up streamlined processes to build strong buyer-vendor relationships. However, the biggest challenge in […]
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How to Build a Holistic Approach to Combat Gen AI Fraud?
In recent years, the rapid advancements in Generative AI (Gen AI) have revolutionized various industries, from content creation to customer service. However, as with any powerful technology, Gen AI has also been exploited for malicious purposes, giving rise to a new wave of sophisticated fraud. This blog will explore how organizations can build a holistic […]
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Importance of Data Sharing & Collaboration for Financial Institutions
Data sharing is set to revolutionize collaboration in the financial sector. By breaking down barriers and fostering a connected ecosystem, it enhances risk management and uncovers new business opportunities. The power of shared data is transforming the financial industry. In this guide, we’ll talk about the importance of data sharing & collaboration for financial institutions. […]
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How to Enhance Vendor Onboarding Process: Best Practices, Process, and Rules to Follow
Vendor onboarding is a tricky yet extremely meticulous process. Supplier relationship management is a systematic process that allows businesses and organizations to collect documentation and data to qualify, approve, and contact vendors, purchase goods or services, and make timely payments to supply partners. Vendor onboarding compliance is tough as numerous steps are involved. A vendor is […]
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What is Sanctions Screening – Its Importance for Financial Institutions?
Sanctions screening is a crucial part of the eKYC process. eKYC is when a business onboard a customer/business digitally. This process is necessary for financial institutions and other businesses looking to onboard customers globally. Using eKYC, businesses can minimize risks, prevent fraud, and meet compliance. In this blog, we’ll talk about Sanctions screening and its […]
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What is shared intelligence? How can it improve consumer trust?
Fraud prevention isn’t just about ticking off the regulatory boxes, ID fraud prevention is the most important factor for businesses today. According to a report, over 70% businesses consider identity and fraud prevention as a part of their unified business strategy. The combined cost of ID and fraud due diligence is lower than the average […]
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How to Fight ID Fraud in a World of Generative AI?
Generative AI is the buzzword of the year, apart from all the good that comes from it, it also has increased the risk of fraud. Fraudsters have been using AI tools to defraud people. Most businesses today are ill-prepared to fight GenAI ID fraud. In this blog, we’ll be talking about how to fight ID […]
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