Blog by: Garima Chaudhary, Oracle Financial Crime and Compliance Management Specialist There is enough evidence that smaller banks are equally vulnerable for...
Blog by: Garima Chaudhary, Oracle Financial Crime and Compliance Management Specialist There is enough evidence that smaller banks are equally vulnerable for financial crime, like large multi jurisdiction banks. Hence, the increased regulatory scrutiny for smaller banks in recent years. This led to major investment in financial crime & compliance program. Key areas within compliance programs are Know Your Customer, Transaction Monitoring & Case Investigation. Increased...
Blog by: Garima Chaudhary, Oracle Financial Crime and Compliance Management Specialist There is enough evidence that smaller banks are equally vulnerable for financial crime, like large multi...
Blog by: Sharon Tan, Head of Marketing – Financial Services - Asia Pacific & Japan Progressive regulation is creating open and collaborative ecosystems with...
Blog by: Sharon Tan, Head of Marketing – Financial Services - Asia Pacific & Japan Progressive regulation is creating open and collaborative ecosystems with both banks and customers moving up the technology maturity scale. With customer sentiment ripe for a new way of banking, virtual banks need to grow at scale, leveraging open, cloud-based platforms. While a perfect storm supporting the growth of virtual banks is brewing, success is not guaranteed unless new banks are able...
Blog by: Sharon Tan, Head of Marketing – Financial Services - Asia Pacific & Japan Progressive regulation is creating open and collaborative ecosystems with both banks and customers moving up the...
Blog By: Matthew Long, Director, Financial Crime & Compliance Management Solution Consulting, Oracle Financial Services For the majority of small to medium...
Blog By: Matthew Long, Director, Financial Crime & Compliance Management Solution Consulting, Oracle Financial Services For the majority of small to medium sized institutions, money laundering and financial criminality may seem like an issue confined to the news – something that only happens to global players operating high risk products, in higher risk countries. However, the reality is that smaller institutions may now be more at risk of being caught up in money laundering...
Blog By: Matthew Long, Director, Financial Crime & Compliance Management Solution Consulting, Oracle Financial Services For the majority of small to medium sized institutions, money laundering and...
Blog By: Matthew Long, Director Financial Crime and Compliance Solutions Financial crime has existed for at least as long as money has been around. We’ve come...
Blog By: Matthew Long, Director Financial Crime and Compliance Solutions Financial crime has existed for at least as long as money has been around. We’ve come a long way from tax fraud being committed by hiding extra grain underground, but criminals still follow the same principle of anonymity and hiding. A recent article by Global Financial Integrity reported that the combined annual value of 11 different transnational criminal markets was between US$1.6 trillion to US$2.2...
Blog By: Matthew Long, Director Financial Crime and Compliance Solutions Financial crime has existed for at least as long as money has been around. We’ve come a long way from tax fraud being...
With over 40+ economies in the world shifting to real-time payments schemes over the last decade, the market demand for immediate access to funds is undoubtedly...
With over 40+ economies in the world shifting to real-time payments schemes over the last decade, the market demand for immediate access to funds is undoubtedly at its peak. The TCH RTP® not only provisions for real-time transfers and requests for funds but also fills the gaping hole of real-time information through an extensive set of messages. By limiting transactions to credit push alone, it mitigates the risk of unauthorized debits and the cost of...
With over 40+ economies in the world shifting to real-time payments schemes over the last decade, the market demand for immediate access to funds is undoubtedly at its peak. The TCH RTP® not...
Blog by: Garima Chaudhary, Oracle Financial Crime and Compliance Management Specialist There are more than 3000 Free Trade Zones (FTZs) around the world with a...
Blog by: Garima Chaudhary, Oracle Financial Crime and Compliance Management Specialist There are more than 3000 Free Trade Zones (FTZs) around the world with a total turnover in the billions of dollars. The largest FTZ is Hong Kong and second largest is Colon, Panama. FTZs are designed to support the development of exports, foreign direct investment (FDI), and local employment. In addition to boosting economic opportunity, these incentives can create opportunities for money...
Blog by: Garima Chaudhary, Oracle Financial Crime and Compliance Management Specialist There are more than 3000 Free Trade Zones (FTZs) around the world with a total turnover in the billions of...
Blog by: Matthew Long - Director, Financial Crime & Compliance Solution Consulting We live in a time where news of the next banking or supervisory authority...
Blog by: Matthew Long - Director, Financial Crime & Compliance Solution Consulting We live in a time where news of the next banking or supervisory authority being drawn into a money laundering scandal is a matter of when, not if. The now infamous ‘Troika Laundromat’ serves as the latest stark reminder, with the OCCRP (Organised Crime and Corruption Reporting Project) reporting a complex network of 75 offshore shell companies have been used to channel billions of US dollars...
Blog by: Matthew Long - Director, Financial Crime & Compliance Solution Consulting We live in a time where news of the next banking or supervisory authority being drawn into a money laundering scandal...
Blog By: Yogendra Singh, Global Lead, Oracle Financial Services Analytical Applications Consulting If you read our posts about the quandaries of chief...
Blog By: Yogendra Singh, Global Lead, Oracle Financial Services Analytical Applications Consulting If you read our posts about the quandaries of chief controllers and compliance officers and financial analysts and line-of-business managers, you may wonder what finance teams should do. How can they gain the visibility and decision-making ability they need without causing greater fragmentation and complexity in their technology environments? Collaborations with a great...
Blog By: Yogendra Singh, Global Lead, Oracle Financial Services Analytical Applications Consulting If you read our posts about the quandaries of chief controllers and compliance officers and...
Blog By: Yogendra Singh, Global Lead, Oracle Financial Services Analytical Applications Consulting CFOs and finance managers in banking and insurance companies...
Blog By: Yogendra Singh, Global Lead, Oracle Financial Services Analytical Applications Consulting CFOs and finance managers in banking and insurance companies often mention that employee turnover is high even while job security is strong and salaries are competitive. According to some industry observers, CFOs themselves stay roughly five years in their role—not at all long for a high-visibility executive. It’s practically impossible to find out trustworthy reports about...
Blog By: Yogendra Singh, Global Lead, Oracle Financial Services Analytical Applications Consulting CFOs and finance managers in banking and insurance companies often mention that employee turnover is...
