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Blogs

Building the future of fintech.

Identity Vetting – What is it, How it Works?

In today’s digital world, where online transactions, remote work, and digital services are rapidly increasing, ensuring that individuals are who they claim to be is more critical than ever.  As a result, identity vetting has become a cornerstone for organizations seeking to protect sensitive information, maintain trust, and prevent fraud. In this blog, we’ll delve […]


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identity vetting

How Spanish Banks Can Prevent Fraud by Streamlining Customer Communications?

In 2023, fraudulent attacks increased by 117%. The increased attacks led to €250 million in losses, according to data from Spanish banks. The increase in fraud attacks included ATM fraud, debit card fraud, and bank transfer fraud. To combat the added increase in fraud, Spanish banks have started sharing data. A survey from December 2023 […]


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Spanish Bank Fraud Prevention Methods

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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what is psd2 compliance

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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hyper-personalized communications

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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Top Cyber Security Threats

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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combat Gen AI fraud

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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data sharing and Collaboration for financial institutions

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 vendor onboarding process

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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sanctions screening