If you work in the financial services sector and you don’t like the thought of internal audit, perhaps you’re in the wrong business. If that sounds surprising, think about this: what other function provides the opportunity to drill down and analyse an entire transaction from first contact all the way to its conclusion and outcomes? […]
How to turn internal audit from a duty to a strength Read More »
The ideal payment system is frictionless, seamless and instantaneous – and free from the risks of financial crime. There’s the catch. As the financial world continues to get more complex and inter-reliant, the holy grail of simplicity and full regulatory compliance becomes seemingly more elusive. And while digital banking continues to grow more robust, systems
How efficient is your risk-management? And is it effective? Read More »
Do you remember paying for things by paper check (that’s a ‘cheque’ if you’re reading this in the UK)? On the receiving end, remember the three-day wait, or more, while funds cleared? Thankfully those days are gone. On a personal level many people can access faster payment services that enable real time and near instantaneous
No more excuses: compliance doesn’t need to slow down remittance services Read More »
Forget keeping up with the criminals. The financial services industry needs to get ahead of them. But there’s an inherent challenge. Financial criminal behavior is by its nature active and creative. Meanwhile the established ways of countering fraud, money laundering or terrorism funding tend to be re-active and less dynamic. Traditional anti-crime methods are failing
Beating financial crime requires agility and foresight Read More »
