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Staying ahead of the digital curve with real-time decisioning

Staying ahead of the digital curve with real-time decisioning

Dynamics of digital Financial institutions used to be the last candidates for change when it came to technology adoption. But over the recent past the banking sector has seen a dramatic ‘digital’ transformation given a discerning and demanding ‘digital’ generation, ferocious competition and a briskly evolving regulatory landscape. From a customer’s perspective, a bank that
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AML as a Service

AML as a Service

AML as a Service Past few months have seen a lot of activity from regulators, bankers and industry bodies alike towards curbing money laundering. Rules are becoming stringent and reporting more accurate. Then there were hefty fines levied on certain banks for non compliance with AML guidelines. During our conversation with bankers, it consistently emerged
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Cybercrime increased by 300% compared to last year

Cybercrime increased by 300% compared to last year

Cybercrime in India has increased by 300% since 2013 as the research by thepaypers.com indicates. Cybercrime in India has been on rise for last couple of years. According to Mumbai police hacking, phishing and Nigerian fraud have risen to 36 in 2014 until October since 2014 from 9 registered in October 2013. 136 cases of
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Financial Crime in South Africa!

Financial Crime in South Africa!

Financial Crime in South Africa is overwhelmingly omnipresent. According to Christopher Malan, Head of Financial Intelligence Center, South African banks have to work towards being more compliant in combating financial crime i.e. Terrorism Financing and Money Laundering. Four big banks of South Africa were fined for R125 million by the Reserve Bank for failing being compliant to the regulations. Banks
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Banking Customer Experience in Middle East

Banking Customer Experience in Middle East

Banking Customer Experience in Middle East The growing importance of customer experience has taken over the banking industry by storm. A recent report published by E&Y details out latest trends in customer experience from around the globe and suggests that banks should aggressively leverage valuable insights from customer behavior to effectively chart out their customer experience strategy. The
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Types of Fraud in Banking

Types of Fraud in Banking

Types of Fraud in Banking: Fraud is an escalating threat for banks. Technological advancements and changing customer preferences have opened up new avenues of banking for modern consumers. But these channels of convenience have also attracted massive threat from fraudsters.  For instance, 41% of customers globally who have been victims of financial cyber fraud have
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