With fraudsters’ schemes becoming more sophisticated as customers use a greater number of channels, the onus is on banks to analyse all customer interactions together to stop fraudsters gaining access to their accounts, through detecting the risk of each transaction and flagging any anomalies.
Trading has become increasingly popular over the years, and technology has played a critical role in making it accessible to more people than ever before.
Constant disruption is nothing new to the financial services industry. From developments in payments and regulations to combatting new kinds of fraud, it’s safe to say there are a few key areas that need to be addressed in 2023 in order for financial institutions to continue evolving and adapting.
The illicit act of money laundering is nothing new. It has been occurring for more than a century dating back to the mafia in the 1920s and 1930s. While the schemes have changed over time, the purpose and intent have been consistent: to disguise illicit funds and transactions to make them look legitimate.
Maxim Manturov, Head of Investment Research at Freedom Finance Europe, shares which companies are likely to profit from the increased discussion of AI and its uses.
We speak with Jenny Toh – the founder and director of River Life Coaching Pte. Ltd. in Singapore. Jenny holds the Professional Certified Coach (PCC) credential issued by the International Coaching Federation (ICF) which attests to her commitment to a high standard of coaching competencies and adherence to a strict code of ethics. Her passion is to empower introverts to embrace their introversion as a strength and not a sign of weakness and to define success on their own terms. Jenny provides one-to-one coaching in a customised program format as well as group coaching. She’s also a certified mentor coach who supports other ICF credentialed coaches master their coaching competencies for the purposes of applying or renewing their credentials. Prior to coaching, Jenny was a practising lawyer with experience in corporate litigation, intellectual property and financial derivatives work.
Many economies are experiencing a downturn, and while a slowing economy feels uneasy, recessions are usually short with long periods of economic stability following. By examining current payment trends, we look at the opportunities for businesses to grow and how they can sow the seeds of prosperity while considering some of the obstacles that will be encountered.
The move to digital banking has made life easier for millions of people worldwide, who can now check their balances and carry out transactions in a way that suits their lifestyles. However, it would be wrong to think that using a mobile app is enough to turn any bank into a digital option.
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