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How Exness Consolidated AML #Compliance with KYC and #Fraud Protection, Slashing Costs in Half with Sumsub Tired of juggling multiple KYC/AML providers? Exness, the world's largest multi-asset broker, faced a similar challenge. They needed a comprehensive solution that could handle diverse requirements, jurisdictions, and documents while maintaining high #conversion rates. Enter Sumsub. By partnering with Sumsub, Exness achieved remarkable results: ✅ Slashing costs in half ✅ Increasing approval rates to 77.6% ✅ Reducing verification time to 3 minutes How did they do it? Watch this video featuring Stella Christodoulou, Head of Payment Operations at Exness, as she shares insights into their journey and the benefits of partnering with Sumsub. Here's the full case study: https://lnkd.in/e7hTK-xa If you're looking to streamline your business operations, drastically reduce verification times, enhance compliance, and achieve your growth goals in #Africa, Sumsub's full-cycle verification solution is the perfect fit. 🇰🇪 🇺🇬 🇹🇿 🇷🇼 🇪🇹 🇨🇩 🇸🇩 ... Reach out for a personalized demo: https://lnkd.in/ewN3gzYA #SuccessStory

🔵8️⃣ - Exploring the Future of FinTech Operations! -🔵8️⃣ 🚀 In the dynamic world of financial services, regulatory compliance isn't just a must – it's a strategic edge. Dive into this insightful Fintech Global article discussing the pivotal role of technology in streamlining AML compliance (3- minute read) https://lnkd.in/dQ2dCSrh #FinTech #AMLCompliance #TechAdvancements #clients #candidates #compliance #recruitment #moneylaundering

Here is the current situation: banks are still having to deal with ever-increasing difficulties this year, such as urgent need for increased efficiency, adherence to regulations, compliance and sophisticated risk management procedures. Our Anti Money Laundering solution gives you the capabilities you need to improve operational effectiveness, strengthen security and negotiate the complexities of regulatory compliance. Redian Fintech - Seamless Digital Banking's AML solution not only handles risk categorization but also offers clear insights into the KYC procedure and insightful transaction analysis. In need of additional details regarding this solution? Visit this link: https://lknd.in/dhDdAZZ3 Are you ready to transform ypur banking strategy in 2024? Get in touch with us and allow us to improve your banking experience right now! Contact us: sales@rediansoftware.com Pavan Verma Arunesh Beri Redian Software Global Redian Software Africa Redian Software UK #bankingsolutions #bankingtechnology #bankinginnovation #bankingtransformation #fintech #usa #bankingsolutions #bankingindustry #fintechsolutions #antimoneylaundering #finance #bankingandfinance #fintechrevolution #fintechindustry #fintechfinance

⭐ Word of the day (or in this case, phrase of the day) is AML or short for Anti-Money Laundering! ⭐ Anti Money Laundering is the execution of transactions to eventually convert illegally obtained money into legal money. Although you as a company stick to the rules, this does not mean that your partners and business associates adhere to the same AML compliance laws as you. Read more! https://key2pay.online/ . . . #PaymentProcessing #TransactionTimes #OnlinePayments #MobilePayments #MailedPayments #LinkedCard #PaymentApp #Fintech #Key2Pay #FinanceTech #AML

How do non-regulated financial institutions navigate the maze of regulations? 🤔 "Raktim, what does the future look like given this regulatory uncertainty when it comes to sponsor banks for folks that are outside of being a regulated financial institution?" asks Colton Pond. Compliance with KYC, AML, and customer due diligence are crucial, according to Raktim Mitra, Chief Lending Officer at Varo Bank. 💬 Join Tedd Huff and Colton Pond from LoanPro as they discuss the essential elements of banking that non-regulated institutions must follow. It's all about having the right fraud controls, safety mechanisms, liquidity controls, and capital requirements. 🌟 Want to stay updated? Subscribe to our email updates! 📧✨ 1️⃣ Compliance with banking basics 📜 2️⃣ Essential fraud controls 🔍 3️⃣ Importance of liquidity and capital requirements 💰 Understanding these fundamentals is key for non-regulated institutions to ensure safety and soundness. Compliance is not just a requirement; it’s a necessity for stability and trust in the financial system. 🏦 Accrued - a Fintech Confidential series Presented by LoanPro Hosted by Tedd Huff & Colton Pond #RegulatoryUncertainty #SponsorBanks #NonRegulatedFinancialInstitutions #FutureOfBanking #Compliance #KYC #AML #CustomerDueDiligence #FraudControls #BankingRegulations #FinancialCompliance #LiquidityControls #CapitalRequirements #FinancialSafety #SoundnessAspects #BankingBasics #FinancialInstitutions #RegulatoryCompliance #BankingFuture #NonRegulatedEntities #BankingIndustry #RiskManagement #FinancialOversight #BankingStandards #RegulatoryEnvironment #SponsorBanking Tedd Huff DD3 Media Fintech Confidential

Our 3 founders are keeping things mysterious for now... but here are 2 things you do need to know about us: 1️⃣ We’ve got 20+ years of combined experience in KYC, AML, Quality Control, and Leadership across Fintech, Crypto, and Banking. Yeah, you could say we know our sh*t 💼✨ 2️⃣ We’re on a mission to help Fintech Startups scale safely and save money by streamlining their KYC & AML processes and outsourcing what should be outsourced. Our solutions are proven, effective, and more cost-efficient than building an in-house team. Ready to sort out your startup’s compliance operations? Slide into our DMs, and you'll be hearing from real humans—not just a corporate page.

In today’s connected business world, it’s crucial to seriously address money laundering and financial crimes. AML software refers to technology solutions designed to assist businesses in complying with Anti-Money Laundering (AML) regulations and detecting potentially fraudulent financial transactions. For updates on AML Compliance join our WhatsApp Group https://rb.gy/py351f | +971 50 686 9463 | info@adilzone.com | www.adilzone.com . . #AdilZone #AML/CFT #Compliancesoftware #softwarefeature #amlcompliance #Sanctioncomplicance #antimoneylaundering #dubaibusiness #businesslicense #regulatorycompliance

According to techmagic.co, the regulatory landscape has seen a remarkable surge in rule changes, with a 500% increase over the past decade. RegTech first appeared in response to the hefty regulatory demands after the 2008 global financial crisis and was initially met with scepticism due to its incorporation of relatively new technologies. Notably, several sectors within regulatory compliance risk management are poised to be significantly impacted by RegTech: - Compliance monitoring — 68% - Onboarding and KYC — 60% - Financial crime, AML/CTF, sanctions — 58% - Regulatory reporting — 53% - Data capture, management, and utilization — 52% With this in mind, ClientWindow is positioned to not only streamline and simplify client communication with seamless WhatsApp to Business Email integrations but ensures regulatory compliance in your communication efforts. Discover the benefits of ClientWindow by visiting www.clientwindow.com #ClientWindow #RegTech #PrecisionMilestone #PrecisionMilestoneReport #RegulatoryTechnology #ClientCommunication

❓Thinking about getting a corporate account for your crypto business? 🏦 One of our clients faced a bank's refusal to open a business account because the director was also fulfilling the duties of an Anti-Money Laundering (AML) officer. 👥 Banks fear that combining the roles of director and AML specialist in a single person could violate norms and cast doubt on the company's proper adherence to regulations. 💬 Our solution emphasizes separating these roles to demonstrate compliance commitment, facilitating smoother business account openings. If you're facing a similar issue, contact us in our Telegram chat https://lnkd.in/dRmqB3E or write in the comments.

More Fintechs have shut down or have had roller coaster rides due to compliance issues than product failures. More often than not these are have been the top attributable causes over last 10 years 👉 KYC and AML issues 👉 Aspects around Money movement 👉Data Sharing , data ownership & isolation 👉 Grey areas on risk sharing,ownership & arms distance between conflicting entities 👉 Non banking entities doing aspects core to what a bank should be doing 👉Product itself or positioning of product against spirit of guidelines #compliance #fintech #banking