by instnt | Jan 10, 2023 | Blog
In light of the recent economic downturn, many businesses are weighing the need for risk management with the desire to cut costs and increase revenue. Due to tighter budgets, business priorities have shifted. Three-quarters of chief risk officers (CROs) surveyed by...
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 | 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 | 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 | Jun 15, 2022 | Blog
We are all familiar with traditional paper-based national identification mechanisms like driver’s licenses, passports and social security numbers that have, admittedly, modernized. But as we increasingly move from face-to-face transactions to online technologies,...
