by instnt | Aug 23, 2022 | Blog
Despite your best efforts, there is always a risk that your data systems could be breached. Such a breach can also bring your business to a halt. A good risk management plan helps you to act fast when your systems fail or are compromised. Taking steps while there is...
by instnt | Aug 16, 2022 | Blog
As part of Know Your Customer (KYC) guidelines, firms must conduct Customer Identification Programs (CIPs) to verify that customers are who they say they are and that they are being truthful about the nature of the businesses in which they are involved. What Is a CIP?...
by instnt | Aug 9, 2022 | Blog
Most companies are aware of the threat of fraudulent account creation and take significant measures to prevent it from happening. While this is a solid strategy, it’s important to be aware of the threat of account takeover (ATO) fraud as well. Account takeover fraud...
by instnt | Aug 2, 2022 | Blog
Do you really know your customers? Effectively, this is the heart of the enhanced due diligence process. When know your customer (KYC) and anti-money-laundering (AML) regulations were enacted, they set out to answer those questions. However, the non-uniformity of...
by instnt | Jul 29, 2022 | Blog
The customer relationship with a neobank starts with a great onboarding experience. Get it right and customers are pumped and primed to access even more products and services. They may even tell a few friends how easy and convenient it was. Get it wrong? There’s...
