by instnt | Sep 27, 2022 | Blog
Know Your Customer (KYC) is a regulatory requirement that by delivering trust between customer and financial institution, underpins the global economy. Without KYC, a bank’s assets — including those of its good customers — remain vulnerable and at risk. Unfortunately,...
by instnt | Sep 20, 2022 | Blog
Transaction monitoring is a critical aspect of Know Your Customer (KYC) compliance and, more specifically, Anti-Money Laundering (AML) procedures. All banks and financial institutions must have a transaction monitoring system in place to monitor all customer...
by instnt | Sep 15, 2022 | Blog
Is it time to adopt crypto? Personal banking clients and institutional investors are increasingly expressing interest in this asset class as well as in the distributed ledger technology (DLT) that underlies it — e.g., the blockchain. Indeed, it’s not just startups,...
by instnt | Sep 6, 2022 | Blog
With the digitization of services used by both consumers and businesses on a daily basis, there is an increasing reliance on the use of identity to access and make use of apps, devices, and networks. Our identity not only allows us to access an app but can also...
by instnt | Aug 30, 2022 | Blog
Banking fraud is growing in size, speed and frequency… just like the digital mediums they prey on, making it more rampant and expensive than ever. According to the ABA Banking Journal, in 2021, it cost U.S. financial institutions a staggering $4.00 for every $1.00 of...