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Building the future of fintech.

Handling the New AML Compliance Challenges With Latest Payment Methods

The global prepaid card market will reach $3.65 trillion by 2022. It is also expected to grow more based on the advancement in technologies and with customers slowly moving towards a digital and cashless economy instead of the old methods of cash and cheque. These latest payment methods are crucial for building vital cash flow […]


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aml compliance challenge

What Is Identity Theft? How to Prevent ID Theft Online?

Identity theft is when someone steals your personal information and uses it for financial fraud. There are multiple types of identity theft and each type can affect you differently. Almost all types of identity theft lead to financial loss. The cases of identity theft are growing every year with the rise of new technology, and […]


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how to prevent identity theft

AML Compliance Guide: What Are The Best Practices for Anti-Money Laundering?

Finding and following effective AML programs to ensure Anti-Money Laundering compliance throughout organizations is crucial for all businesses. Keeping up with effective AML policies, procedures, and utilizing the latest technologies can assist an organization in protecting itself from money laundering.  Although not every organization follows the best practices for anti-money laundering compliance which can cause […]


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How to Enhance Supplier and Vendor Onboarding Process: Best Practices, Process, and Rules to Follow

Vendor onboarding, or supplier 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. […]


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what is vendor onboarding process

What is Blockchain Technology and How Blockchain Works?

Blockchain technology, also known as Distributed Ledger Technology (DLT), helps in maintaining the history of any digital asset immutable and transparent. The technology uses decentralization and cryptographic hashing to make the data unchangeable and transparent. While blockchain is widely popular in the cryptocurrency industry, other industries don’t know what is blockchain technology or how blockchain […]


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What is blockchain technology

What’s the Importance of FinTech in Banking Industry?

The banking industry is in dire need of digital transformation as customer demands are changing drastically. No customer has the luxury of time to wait for multiple days for the completion of the smallest of processes. FinTech or financial technology is important for the digital transformation of the banking industry and financial industry. FinTech companies […]


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importance of fintech in banking

How to Verify Bank Accounts For Merchants?

The finance industry is full of fraud every step of the way, and merchants’ bank account verification and customers are important. Businesses use some common practices to collect and verify bank account details. The method for verification for merchants’ bank accounts differs from business to business. There are multiple ways to verify bank accounts for […]


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how to verify bank accounts for merchants

Best Practices for Remote Onboarding: Why Secure Onboarding Is Needed?

Financial institutions all over the globe operate under strict regulations to reduce money laundering and terrorist funding. Complying with global regulations like FATF and EU Anti-Money Laundering Regulations can help in identifying people on sanctioned and politically exposed person lists. Following up with the AML regulations requires huge sums of money from financial institutions. Not […]


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best practices for remote onboarding

5 Biggest Challenges Faced During Online Identity Verification Process

The whole idea of identity verification has grown past manually verifying each customer one at a time. Just like everything, online technologies have also improved the way the identity verification process works. Verification and management of online customer identities are more flexible than ever. Systems and solutions built especially for online identity verification are crucial […]


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problem with online identity verification

How to Avoid Bank Frauds Using Technology?

Want to know how to avoid bank fraud? Well, the first step is to follow the basic old-school step with a blend of technology. Fraud is a worldwide phenomenon that affects all multiple industries and can even have a severe impact on the economy of a country. Banks need to understand how to prevent bank […]


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