Why it is just as hard as AML monitoring AML and sanctions are usually mentioned in the same breath. But while they are closely associated, they’re not the same. Admittedly, sanctioned entities could very well also be involved with money laundering, but this isn’t always necessarily the reason such entities appear on a sanctions list. […]
When we talk about client profiles, we have more than just KYC in mind. Using a client profile allows you to be more proactive in investigating compliance breaches. The client profile doesn’t just look at what’s happening on a particular account or even a specific transaction, it includes behavioral patterns, and it monitors the client’s […]
In their article “How to Beat Your Competition Using Analytics in Insurance”, UK based Insurance Nexus explains how insurance companies can use analytics to their advantage to become more cost-efficient, give clients individualized offers, enhance marketing targetting, and fight fraud. The article in itself is worth a read but doesn’t dive too deep into the […]
According to a study cited by Reuters, people that work in the financial services industry are 44 percent more likely to suffer from stress-related illnesses than people working in other sectors in the UK. Bank employees, in general, suffer from the strain of the vilification of their jobs, from the ever-present threat of resignation rounds, […]
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