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. […]
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, […]
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 […]
In insurance, prevention of fraud remains challenging. This is evident from a survey done by Insurance Nexus. Their study amongst insurance professionals showed that 33% of their respondents want sales teams to be more involved in detecting fraud and that currently not enough attention is given to application fraud. Prevention of fraud is a critical […]
In light of the GDPR guidelines, it’s now more critical than ever for companies to protect their customers’ data. Private data is no longer to be shared freely within organizations, and companies are no longer permitted to collect whatever kind of data available. Instead, they should keep their data collecting to a bare minimum. These […]
