As digital technology has become better and cheaper, the cost of entry into the remittance, or money transfer, market has dropped. Currently, there are over 60,000 business operating in the UK remittance market. It’s competitive, but as remittance gets easier, the market also expands, so there’s still room for growth. The need for mainly migrant […]
Taking the Risk out of Remittance Read More »
As they quietly ease the flow of money across the world, money transfer services form an intimidating web of necessity and convenience. For millions they’re a lifeline, underpinning economies and supporting families continents away. Remittances from families and migrant workers have rarely been so widespread. The growth and significance of this sector are emphasized by
Money Transfer: Fine Margins and Compliance Require State-of-the-Art Automation Read More »
To accompany the Global Fraud Summit in London in March this year, Interpol has shared a snapshot of the range of fraud-based financial crime. Offences fit into six broad types. The four most common are investment fraud, advance payment fraud, romance fraud, and business email compromise. Also featuring are impersonation and identity fraud. Plus, there’s
From Compromised Emails to Pig Butchering – Catching Fraud in the Digital World Read More »
Go to the gym, and flexibility is all the rage. It makes everything easier and more effective. For financial services businesses, it does the same, especially if it indicates a responsive approach to regulation updates and changing risks. This holy grail of a responsive, efficient, and cost effective compliance solution may seem elusive, but once
Keeping the Knowing in KYC Read More »
