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Jul 10, 2024 | 
finextra.com | José Pierre |Clare Rowley |Eli Talmor |Simon Horswell
Identity fraud has no respect for international or industry borders. It’s a constantly evolving, global issue impacting businesses across every industry and in every country around the world. More recently, the potentially devastating results of identity
fraud have been highlighted by the increasingly sophisticated way fraudsters are operating.
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Jul 8, 2024 | 
finextra.com | Steven Rackham |Kieran HornJosh Holland |Eli Talmor |Guy Melamed
Over the past two decades, the banking industry has faced staggering penalties for non-compliance, totaling an astonishing $387,559,149,283 (source: Violation Tracker). This colossal sum underscores a pressing issue: despite numerous efforts, the financial
sector continues to grapple with compliance, with no signs of the penalties decreasing. Every day, new reports surface of financial institutions being fined by regulators worldwide.
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Jul 5, 2024 | 
finextra.com | Steven Rackham |Kieran HornJosh Holland |Eli Talmor |Guy Melamed
A fiat onramp, also sometimes referred to as a
crypto onramp, is the process of converting government-issued fiat currencies into cryptocurrencies on a crypto exchange platform.
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Jul 3, 2024 | 
finextra.com | Eli Talmor |Guy Melamed |Raktim Singh |Terry Hubert
High-quality data is the bedrock of an effective anti-money laundering (AML) and watchlist screening programme. Incomplete or inaccurate data can lead to false negatives, potentially allowing illicit activities to go unnoticed. Conversely, it can trigger
false positives, leading to unnecessary investigations and resource wastage. With data volumes increasing exponentially, the risk of such data mismanagement is a growing concern for organisations.
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May 3, 2023 | 
finextra.com | Alastair Lauder |Padma Chukka |Ketharaman Swaminathan |Eli Talmor
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May 3, 2023 | 
finextra.com | Padma Chukka |Ketharaman Swaminathan |Eli Talmor |Vladimir Lounegov
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May 2, 2023 | 
finextra.com | Ketharaman Swaminathan |Eli Talmor |Vladimir Lounegov |Clare Rowley
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May 2, 2023 | 
finextra.com | Eli Talmor |Vladimir Lounegov |Clare Rowley |Harriet Christie
I first heard the meme "Banks privatize profits and socialize losses" soon after some banks were bailed out during the Great Financial Crisis of 2007-8 in USA.
The narrative was, when banks do well, they distribute their profits to their employees and shareholders whereas when they do badly, they palm off their losses to taxpayers who rescue them via state-funded bailouts.
I'm no stranger to banks failing.
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May 1, 2023 | 
finextra.com | Eli Talmor |Vladimir Lounegov |Clare Rowley |Harriet Christie
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Apr 26, 2023 | 
finextra.com | Eli Talmor |Vladimir Lounegov |Clare Rowley |Harriet Christie
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