Category: Banking
Opinion: House Anti-Money Laundering Bill Reform Threatened as Beneficial Ownership Registry Creation Tabled
The world of anti-money laundering beneficial ownership regulations has seen its ups and downs as of late. As of May 11 when the Financial Crime Enforcement Center (FinCEN) issued its “Customer Due Diligence Requirements for...
Becoming a Strategic Partner for Business Customers: a 4-Minute Guide for Banks
While it’s often overlooked, managing payments is a strategically important function for business. To be successful, organizations need to make sure that they’re effectively managing their payments to capture all available revenue sources, maximize working...
Choosing the Right Anti-Money Laundering Provider: Getting the Answers You Need to Make a Smart Choice
A lot of change is affecting the banking industry, which is always followed by new and tougher regulations, often related to anti-money laundering. In January alone a regulation was discussed by the Senate regarding a...
Effectively Bridging Legacy Technology in a Digital World: A Guide for Financial Institutions
The recent Banking Barometer, conducted by the Swiss Bankers Association (SBA),suggests that banks in Switzerland are facing major challenges: rising regulatory costs, negative interest rates, shrinking margins, increasing customer demands and last but not least, digitalisation....
Eliminating Failed Direct Debit Transactions with Bank Validation Technology
Corporations worldwide make billions of payments every day, yet they generally do so without first validating that the information surrounding those payments is correct. The result is a rejected payment that can cost upwards of...
Benefits of Open Banking: How it Helps Small-Mid-sized Businesses Improve Cash Visibility and Transaction Reporting
Open Banking in the UK got really interesting as of January 13, 2018. If you are an individual or small-mid-sized business (SMB) with an account at one of the largest 9 UK banks, you can...
Open Banking and PSD2 in the History of European Payments
What significance will January 13th, 2018 -- the day Open Banking and PSD2 became a reality in the U.K. -- have on the history of payments? Surely it will someday have a place in the...
Top Trends in Online Account Opening
This ebook covers the top trends in online account opening. Follow these and keep a focus on streamlining and securing the online account opening process and your prospects will progress from click to customer in...
Business Payments Technology: What will 2018 Bring?
The pace and number of new technologies that will impact the business payments landscape can be confusing. Here’s a quick download on what these technologies are, how they’re being used to move the needle in...
Selling faster payments to corporate treasurers: A guide for banks
Through our advisory board practice we’ve had plenty of opportunities lately to hear corporate customers talk about faster payments. The common theme in those discussions is the requirement for a sales process that’s very different...