The global banks are caught between a rock and a hard place, with increasing penalties for compliance failures... more...
who am I speaking to please?
the increasing importance of identity verification
Summary: FIs have been fined $26 billion in the last decade for failing to comply with AML compliance laws amp; regulations The FMI industry is experiencing high customer acquisition cost with low revenue growth and reduced...
identity resolution and risk levels
confirming the real-world identity of an individual
Summary: Three million cases of identity theft and fraud, worth $1.48 billion, were reported in 2018, which is an exponential increase from $406 million in 2017. Identity Resolution and selection of attributes,...
strong future for fintech in Mauritius
Clarency backs call for uk financial technology trainers
Clarency and its sister companies have a strong relationship with Mauritius. This small group of islands is set to take a leading role in world trade, and we're excited to be part of it. In November, we will be delivering...
de-risking is a humanist issue
we look at the human cost of the decline in correspondent banking
For nearly two decades, the world banks have been withdrawing banking relationships with countries which they regard as high-risk.
Let me be clear that I'm not condemning the global banks for closing their correspondent...
re-connecting Mexico
despite investment and powerful intervention, the mexico/usa wall may already exist
Relations between Mexico and the USA have rarely been at a lower ebb. The present administration has galvanised feelings against Mexicans working in the US, even though they rank only third in immigrant numbers, behind China...
what's the future for cash?
digital transfers will make physical cash redundant - or will they?
There’s a widespread belief that the increasing use of digital funds transfer will rapidly make cash redundant. While it’s certainly true that card payments and online systems have reduced the usage of cash as a percentage...
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