Artificial intelligence is changing the neobanking landscape, and machine learning is poised to improve your identity verification process, boost your conversion rate and accelerate your ROI. In traditional banking, a financial institution would try to prevent financial crimes and illegal activities, such as terrorist financing, by implementing KYC-compliant practices. These KYC compliance measures would include…
Early November was not an easy time in the Hong Kong office of a global cryptocurrency exchange, FTX. After battling comments from their competitors on social media on November 6, the company halted withdrawals on November 8. Over the next two days, after hearing a vague comment from their colleagues in the Bahamas, employees in…
Increased geopolitical risks increase money laundering opportunities Geopolitical risk has increased significantly in 2022 and shows no signs of diminishing in 2023. The ongoing war between Russia and Ukraine is a key case in point and has resulted in Russia becoming the most sanctioned country in the world. There are also ongoing tensions with Iran,…
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