by instnt | Nov 29, 2022 | Blog
With the accelerated digitization of financial transactions, establishing digital trust is critical to solidifying and maintaining a financial institution’s integrity. Digital trust can help your organization fight and prevent fraud, as well as earn customer...
by instnt | Nov 22, 2022 | Blog
Developed as an alternative to traditional financial systems, decentralized finance (DeFi) replaces institutions with applications. DeFi blockchain projects, however, also play critical roles in the finance and banking industry. Organizations looking to the future can...
by instnt | Nov 15, 2022 | Blog
The United Nations Office on Drugs and Crime (UNODC) reports that the amount of money laundered globally per year is approximately 2% – 5% of global gross domestic profit (GDP), which translates to $800 billion-$2 trillion. The expanding interconnectedness and...
by instnt | Nov 10, 2022 | Blog
Continuous identity assurance confirms an individual’s identity throughout the customer lifecycle. It satisfies Know Your Customer (KYC) verification guidelines by ensuring that applicant-provided evidence meets the appropriate level of assurance (LOA) rating....
by instnt | Nov 8, 2022 | Blog
Compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) laws and regulations have necessitated the evolution of transaction monitoring systems. A financial institution must have a foolproof and adaptable process for monitoring customers’ transactions...
by instnt | Nov 1, 2022 | Blog
Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations protect your financial institution and consumers. On a basic level, the requirements are straightforward. Firms should verify identities, check against prohibited lists and evaluate risk factors....
