When you walk into a bank’s physical branch, how many millennials can you seen swarming the counters? Probably none. Gen Y is also becoming an endangered species in traditional financial outlets. These tech-savvy customers tend to gravitate towards mobile and phone applications for most of their [...]
Traditional banks can leverage fintech collaborations to end the onslaught of challenger banks. Here's a look at how that combination can elevate customer experience - the number one factor for brand loyalty.
How many is too many in AML staffing? When it comes to KYC/CDD, an extra set of eyes can be a godsend. Regulatory authorities suggest a black & white outlook when it comes to compliance in financial institutions - either you’re keeping track of your customers [...]
AML Compliance: The Big Picture Compliance is a dynamic function of financial institutions, due to the changing regulations that govern these programs. But features like KYC and CDD should extend beyond large organizations. Any company that deals with money needs to understand the crucial impact it [...]
How financial secrecy has left the US wide open to kleptocrats Financial secrecy, or the practice of maintaining anonymity of account ownership, is one of the main reasons Switzerland and the Cayman Islands were attractive options to criminal groups. But there’s a looming cloud over the [...]