LOGO-PNG

Insights

Blog

News, Blog
May 22, 2024
Recently, Finastra and Fincom held a joint webinar, discussing the issue and challenges of real-time compliance that needs to go...
News, Blog
May 16, 2024
Fincom leads the way with innovative efficient solutions that address the challenges posed by the ever-evolving regulatory landscape. As such,...
News, Blog
May 8, 2024
Fincom is proud to be listed in the FinCrimeTech50 list as one of the World Top 50 technological companies bringing...
News, Blog
May 5, 2024
The misuse of account information is considered the leading type of fraud, resulting in total losses of over $5 billion...
News, Blog
February 24, 2024
Here are answers to some questions that have recently been raised by regulated entities with regards to OFAC compliance requirements....
News, Blog
February 21, 2024
Historically, sanction lists contained names transliterated into Latin characters. Recently the common practice took a turn, and currently most sanction...
News, Blog
February 7, 2024
The world-leading service & community F6S ranks Fincom #1 among Israel’s Top 78 Government/Fintech Startups 2024 Fincom is proud to be...
Blog, News
December 25, 2023
2023 is coming to an end, and Fincom is summing up the results, while looking forward to the new year...
Blog, News
September 27, 2023
The financial world is witnessing an unprecedented collaboration – a partnership that emerges as a potent amalgamation of Finastra’s acclaimed...
Blog, News
September 21, 2023
The finance world converged in Toronto for Sibos 2023, a conference that has been the linchpin for discussions, debates, and...
Blog, News
September 19, 2023
Real-Time Compliance (RTC) meets Real-Time Payments (RTP) In an era where financial transactions move at the speed of light, ensuring...
Blog, News
August 31, 2023
Lessons from OFAC Enforcement Actions of the first half of 2023 The U.S. Department of the Treasury’s Office of Foreign...
Blog
August 10, 2023
Lessons from OFAC Enforcement Actions of the first half of 2023 The U.S. Department of the Treasury’s Office of Foreign...
Blog
August 7, 2023
Perpetual KYC has recently become a “hot” subject in compliance management. Although all the leading AML solutions providers offer educational...
Blog
August 5, 2023
The challenges of traditional compliance practices In the challenging landscape of Anti-Money Laundering (AML) compliance, banks, Financial Institutions (FIs), and...
Blog
August 2, 2023
With technology advancing rapidly, banks and financial institutions are increasingly adopting AI and ML-based solutions for handling various aspects of...
Blog
July 27, 2023
In a recent move by the Federal Reserve, Deutsche Bank found itself in hot water, facing a hefty $186 million...
Blog
July 18, 2023
The essential regulatory obligation of anti-money laundering (AML) sanction screening involves the meticulous task of comparing names, addresses, and other...
Blog
July 15, 2023
The essential regulatory obligation of AML sanction screening involves the meticulous task of comparing names, addresses, and other details in...
Blog
July 7, 2023
In the course of the last few years, AI technologies have captured and continue penetrating almost every industry. The positive...
Product News, Blog
February 18, 2023
 “All providers of instant payments in EURO must offer the service checking the match between the account number (so called...
Blog
February 14, 2023
Last year KS&R conducted an annual survey of US Banks and other Financial Institutions survey commissioned by LexisNexis. Interestingly, the...
Blog
February 9, 2023
In 2020 the total global spendings on regulatory compliance reached approximately $215B. As the compliance regulations evolve, these costs are...
Blog
February 7, 2023
Rapid technological development of the past few decades has been recently accelerated even more during the years of COVID-19 pandemic...
Blog
January 19, 2023
New insights into the past year’s results continue to emerge as the new year begins. Today’s headline of Financial News...
News, Blog
January 8, 2023
$50m Fine imposed on Coinbase for Compliance Failures DFS (New York State’s Department of Financial Services) opens 2023 with imposing...
Blog
December 11, 2022
…it could have avoided paying a £108M fine. Financial Conduct Authority (FCA) has fined Santander UK (the UK subsidiary of...
Blog
December 7, 2022
In 2022 hundreds of millions of dollars fines have been imposed on large organizations all over the globe, ranging from...
Blog
August 28, 2022
Entity Resolution is one of the key steps preceding and defining the quality and accuracy of data sharing. Entity Resolution...
Blog
June 12, 2022
BEST SOLUTION FOR DIGITAL TRANSFORMATION IN REGULATORY COMPLIANCE RegTech Insight Awards from A-Team Group is a highly esteemed annual competition...
Blog
May 27, 2022
AML compliance for E-Commerce: Automated Real Time Sanction Screening Required: compliance with AML regulations without compromising the online service level....
Blog
March 7, 2022
SANCTIONS – CHALLENGES – SOLUTIONS In only 5 days Putin achieved remarkable unprecedent results: He healed the world from COVID-19....
Blog
March 1, 2022
As the attempt of invasion of Ukraine by Russian military forces continues, the world is turning its financial back to...
Blog
February 17, 2022
Individuals and organizations rely on data for analysis, forecasting, decision making in a variety of fields, including scientific research, finances,...
Blog
January 27, 2022
The UK is taking AML regulations very seriously. More and more financial institutions and other entities (e.g. law firms, e-commerce...
Blog
January 26, 2022
Money-laundering has been a huge issue for quite a while now. There is nothing new about the fact that banks...
Blog
January 13, 2022
Now let us dive deeper and see how this “AI bias” (for elaboration on the term, please see Part I...
Blog
January 13, 2022
First of all, what is “algorithmic bias? In her article, “Reconciling legal and technical approaches to algorithmic bias”, Alice Xiang...
Blog
December 30, 2021
The FinCen regulations based on the Anti-Money Laundering Act (AMLA) of 2020 contain a number of updated AML obligations, requirements,...
Blog
December 30, 2021
The AML Act (AMLA) of 2020 stipulates that, along with implementing FinCEN’s organizational and operational AML/CFT regulations, financial institutions shall...
Blog
December 23, 2021
The NatWest bank, a major retail and commercial bank in the UK, pled guilty to three offences under UK anti-money...
Blog
December 23, 2021
Our world is a world of ever-evolving technologies and innovations. It is also a world in pursuit of social equality...
Blog
December 15, 2021
Business and tourism are booming in the UAE, making it one of the world’s largest business and tourism centers. Furthermore,...
Blog
December 1, 2021
You would think I would have a flood of CV’s coming at me, I wrote “High Paying” and honestly, I...
Blog
November 2, 2021
Identifying the relevant Entity name requires the ability to: Understand the Name in Multiple Languages. Example: Khaled Mashal in arabic:...
Blog
October 10, 2021
AML Name Screening mathematical equation: Z = (spelling variations x transliteration x name structures) x 170,000,000 data entries Sanction &...
Blog
October 10, 2021
Are Banks stocks rating at risk for missing ESG goals due to Social Discrimination & Bias in legacy AML solutions...
Blog
October 1, 2021
FIND A NEEDLE IN A HAYSTACK The AML Name Screening Challenge Find a Needle in a Haystack AML Name Screening poses a significant...
Blog
September 26, 2021
A major challenge in AML Name Screening is numerous name variations that obscure the real entity. Sorting out different spellings,...
Blog
September 9, 2021
New US congressional legislation passed last month instructed FinCen of the Treasury Department to warn and make sure that financial...
Blog
August 26, 2021
Screening of Names is a fundamental action that financial institutions & Fintech’s must perform as part of their AML compliance...
Blog
August 26, 2021
So, any unknown person Mr. X opens a bank account, and they pass the KYC process with flying colors, and...
Blog
August 24, 2021
U.S. Treasury’s FinCEN Issues $60 Million Penalty Against Operator of Bitcoin ‘Mixers’. The Wall Street Journal, Oct 19, 2020 For...

Thank you for your interest!
Please leave your details