Understanding KYC standards and processes in India’s financial sector
Opening a bank account in India involves more than just filling out some forms; it's a comprehensive process regulated by strict KYC standards.
UK coalition advances Digital ID to combat economic crime and enhance business security
A pioneering initiative by the UK's CFIT is set to transform the business landscape with the introduction of a digital company ID.
How the UK’s Digital Information and Smart Data Bill will impact open finance
Originally introduced to the UK Parliament by the previous Conservative government, the Digital Information and Smart Data Bill has been taken forward by the current Labour government, with the legislation currently at the Committee stage in the House of Lords.
How APP fraud Is changing UK consumer trust in payment technologies
As International Fraud Awareness Week unfolds, the PSR sheds light on the psychological and economic strain APP fraud exerts on UK consumers.
Navigating the complex world of primary and secondary sanctions
Sanctions are essential mechanisms employed by countries and international bodies to support national security, uphold human rights, and combat illegal activities such as terrorism, drug trafficking, and international crimes.
Bank of England reports major AI growth in financial sector
The latest research conducted by the Bank of England and the Financial Conduct Authority (FCA) highlights a significant leap in the adoption of AI within the UK Financial Services sector.
How Ushur is revolutionising AI innovation with robust risk management and compliance
As companies across the financial services landscape seek to expand their offerings with advanced artificial intelligence (AI) and generative AI (GenAI), how can they...
Five compelling reasons to transition from legacy to modern IT systems
As businesses grow, they often accumulate an array of IT systems that, while useful in the past, now pose serious risks and inefficiencies.
How customer type and geography define AML risks in business
Customer classification plays a pivotal role in the AML strategies of businesses, especially within banking, finance, and gaming sectors.
According to Alessa, customer-type ratings...
Regulatory pressure intensifies for digital banks amid rising scrutiny
Amid the rapid evolution of banking, digital-first banks like Starling and Metro Bank are facing increased regulatory scrutiny, particularly around AML controls.