As Pay360 wraps up, today’s highlights showcased pivotal discussions shaping the future of payments. The event concluded with a nod to the dedicated teams and collaborations that continue to drive progress in the payments sector, with an invitation to join next year’s discussions. … Read More
Author Archives: Chris Bourne
Pay 360 recap: Key takeaways and insights from day 1
Day one of Pay360 at Excel London highlighted the latest trends and challenges shaping the future of payments. Keynote speaker Mandy Lamb of Visa discussed how leveraging open data can enhance both customer experience and payment security. … Read More
The importance of KYC compliance in today’s regulatory environment
Know Your Customer (KYC) compliance is not just a legal necessity but a strategic imperative. With stringent regulations from global bodies like the Financial Action Task Force (FATF), businesses must implement robust KYC practices to avoid severe penalties, legal repercussions, and reputational damage. … Read More
Enhancing KYC compliance through technology: streamlining processes for financial institutions
In the financial sector, regulatory compliance, particularly Know Your Customer (KYC) protocols, is crucial for preventing illicit activities such as money laundering and terrorism financing. However, traditional KYC processes have been cumbersome and prone to error. With advancements in technology, financial institutions are now able to streamline and enhance their KYC compliance procedures, making them more efficient, accurate, and cost-effective. … Read More
Why identifying Ultimate Beneficial Owners is a crucial part of your compliance
Identifying Ultimate Beneficial Owners (UBOs) is a critical aspect of compliance for various reasons, particularly in the context of anti-money laundering (AML), counter-terrorism financing (CTF), and other regulatory frameworks. This article explores several key reasons why identifying UBOs is crucial. … Read More
Enhance business compliance with effective sanctions screening
In today’s business environment, compliance with sanctions regulations is paramount for organisations across regulated industries. Sanctions screening, a process aimed at identifying and mitigating potential risks associated with conducting business with sanctioned individuals, entities, or countries, is a crucial component … Read More
Navigating the complexities: solving the top challenges in sanctions screening
The primary objective of sanctions screening is to prevent transactions with individuals, entities, or countries that are subject to economic sanctions, typically imposed due to reasons such as terrorism, human rights violations, or nuclear proliferation. … Read More
Join us at Pay360: Exploring the future of payments
We’re thrilled to announce our participation in this year’s Pay360 event hosted by The Payments Association at London ExCeL. … Read More
The future impact of AI-powered compliance on businesses
AI-powered compliance revolutionises business operations by automating processes, enhancing accuracy, predicting risks, and adapting to regulatory changes, enabling cost savings, competitive advantage, and robust reputation management. … Read More
What makes a good compliance manager?
A good compliance manager combines regulatory knowledge, attention to detail, analytical skills, communication, ethical integrity, leadership, adaptability, problem-solving, and continuous learning to ensure organisational compliance. … Read More