As technology advances, so do fraud techniques. Online platforms are changing the ways criminals perform their nefarious activities. These customer-not-present environments are allowing them to perform transactions and sign up...
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Customer onboarding is the process a user goes through to start a relationship with your company, such as creating an account. It helps determine the relationship your customers will have...
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The Financial Action Task Force (FATF) defines a politically exposed person (PEP) as someone who has been be abused. There have been many examples of PEPs being associated with money...
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Bank operated cross-border payment are more complex than most people realize. For a bank to perform a cross-border transaction, they have to follow a variety of steps. First, they must...
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When Bitcoin was released to the world in 2009, it was a part of a noble cause. Bitcoin offered people a secure way to perform digital, financial transactions on the...
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Money laundering around the world makes up about 5% of the global GDP, amounting to around 2 trillion USD. The amount of money being transferred in these transactions has drawn...
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On January 29, 2018, the U.S. House of Representatives passed a bill, HR 1457, the Making Online Banking Initiation Legal and Easy (MOBILE) Act of 2017 that would allow consumers...
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