Programmers Force’s Post

What Does Building a (Better Than a) Bank Mean? 🏦 Recently, Neema has received a banking code from the Central Bank of Israel making us one of the first and only fintechs to achieve this milestone in the country. This is a great honor and privilege, but according to our CBO, Asaf Zucker, no luck was involved in this process. "Hard work, smart decisions, clear vision, and core values are what brought a conservative and stable regulatory environment to trust Neema with direct access to its core payments systems." Neema brings a responsible, agile approach, striving to unlock the true potential of the infrastructure while complementing the scope of services of traditional banks to benefit clients and the financial ecosystem as a whole. Our global clients and app customers will soon benefit from this achievement! By directly integrating with the Masav system, vast improvements in service levels and new, life-changing features are already in the making. You can expect some very exciting news from us soon. Stay tuned! Oded Salomy בנק ישראל Bank of Israel #FintechInnovation #Fintech #DigitalBanking #payments #bankingcode #masav

Remember kids. Banking has the job to stop crime by spying on all the people and demanding information on all transactions. It will totally stop all the crime! And most importantly it works! This scheme has never failed and banks always comply. They're required to! It's a law! This is also why cryptocurrency is bad. Using math to hide transaction data is very bad and illegal. You are supposed to always have information on anything you buy and sell. You want to hide it? What are you, a criminal? Use a bank like a good citizen and subject yourself to data collection. Of course banks always do it and never lose this data. Did I mention as well, it stops crime! 🙃 #cryptobanking #crypto #defi #decentralizedfinance https://lnkd.in/euWJeXgQ

Looking forward to this insightful panel discussion with our CEO, Mr. Abdullah Alibrahim ! It's a great opportunity to explore the future of banking and fintech innovation. See you there! #24fintech #FintechInnovation

Are you finding it challenging to navigate global markets and local regulations in crypto trading? At EQIBank, we understand the complexities businesses face. That's why we offer a unique combination of global reach and local expertise. Our stringent KYC, AML, and compliance protocols ensure that every transaction is secure and compliant with regulatory standards. With EQIBank's OTC Crypto Trading Desk, your business gains seamless access to global crypto markets. Trade with confidence, knowing your transactions are secure and compliant. Open a business account with EQIBank today to experience secure global crypto trading backed by our robust regulatory and compliance standards. #EQIBank #banking #otcmarkets #cryptotrading

Explore the latest EBA guidelines extending anti-money laundering oversight to crypto firms! New EU-wide rules aim to harmonize financial crime prevention. #EBA #CryptoRegulation #AML #FinancialCrimePrevention #banking #news #finance #fintech https://lnkd.in/ejdacjfZ

The Reserve Bank of India's 5th regulatory sandbox cohort is spotlighting #digital #KYC and #blockchain-based credit solutions. Leading the charge, startups like Signzy and Epifi aim to streamline KYC processes and enhance security in financial transactions, promising faster and more efficient customer onboarding. These innovations are poised to transform the digital financial landscape, especially benefiting the underbanked. Signzy's advanced video KYC technology simplifies documentation, while blockchain-based credit solutions from Epifi promise enhanced transparency and trust in credit transactions. By testing these solutions in a controlled environment, the #RBI ensures compliance and effectiveness, fostering #fintech innovations that can be integrated into the broader financial system. This initiative underscores the RBI's commitment to driving financial inclusion and operational efficiency. For more details, read the full articles on The Economic Times - https://lnkd.in/g3kJVz3H MSN - https://lnkd.in/gQtZGQfR

Digital Token Service Providers may need to maintain a minimum capital of S$250,000 and adhere to stringent AML/CFT obligations under the updated framework Read here: https://lnkd.in/gjcjS6eU #fintech #payments #digitalasset

Check out Ayana Murphy's insights about what's next for AML operations in this predictions video. According to this AML and crypto expert, in 2024, AML teams will have to be much more agile in response to changes in online engagement and new digital payment trends. She discusses examples like: the gig economy and side hustles influencing how people earn and manage money; and more people traveling post-pandemic, with travel spending looking different than it used to. Watch the video below. #aml #antimoneylaundering #fintech #bankingtech

🔥Benefits of ABG Crypto ATMs ✅Convenience: Easy and quick access to cryptocurrencies. ✅Cash Transactions: Ability to convert cash to crypto and vice versa. ✅Accessibility: Useful for people without access to traditional banking services. ✅ 50 ATMs will be first installed in Dubai 🥳 Great things are coming, stay tuned!! #abg #abitcoingold #abgcryptoatm #abgcryptoatmcard #abgmobileapp #instantswap #arbitrumone

In the third edition of #RiskWeekly, we cover the latest updates in #AML, #KYC, and #CFT.   This week’s highlights: • UAE unveils new AML/CFT strategy for 2024-2027 • Reserve Bank of India (RBI) fines three non-banking financial companies for regulatory breaches • FIU-IND could approve two additional offshore crypto exchanges in India Swipe right to learn more about these recent developments!   #Fios #MoneyLaundering #TerrorismFinancing #Compliance