As NICE Actimize’s leadership, product teams and other financial crime fighters put the finishing touches on ENGAGE, our industry-leading fraud and financial crime industry event held in New York on June 17-18, we look at its potential from the point of view of our financial institution (FI) clients and the value they seek in their investments in our offerings and activities.
May 29th, 2025
It’s no industry secret that the challenges of KYC and onboarding impact customer experience and compliance efforts. These challenges require balancing thorough, compliant verification with a frictionless, customer-friendly process accomplished by applying innovative technologies, streamlining procedures and maintaining flexibility to adapt to regulatory changes.
May 28th, 2025
There is no question that the recent and ongoing Geopolitical events will significantly impact compliance in various ways, affecting how organizations operate and manage risks. Some of the key areas where these impacts will be noticeable include regulatory changes, sanctions and trade controls, market volatility, cybersecurity threats and increased scrutiny.
May 28th, 2025
In the face of rising fraud, expanding regulatory expectations and limited resources, one thing is becoming painfully clear for credit unions and smaller financial institutions (FIs): the current approach to financial crime is breaking them.
May 20th, 2025
In today’s rapidly changing, high-cost compliance landscape, a financial institution’s (FI’s) ability to maintain operational efficiency (OE) is crucial. It can be the difference between staying competitive and compliant or encountering significant challenges across multiple functions. OE refers to the optimization of business processes and resources for the purpose of reducing operating costs while maintaining or improving productivity. A constant trend within the financial services industry is the need to perform multiple activities related to financial crime operations in a fast and cost-effective way, all the while remaining compliant with regulations.
April 30th, 2025
On 21 April, the CFTC sought public comment about 24/7 trading and clearing of listed derivatives.
April 29th, 2025
The German Anti-Money Laundering Act (Geldwäschegesetz – GwG) serves as the foundation for Germany’s fight against money laundering and terrorist financing. The German Federal Financial Supervisory Authority (BaFin) takes on a key part to enforce the GwG and offers more insight and guidance on how to apply it through its Auslegungs- und Anwendungshinweise (AuAs). These AuAs, show BaFin’s administrative methods and are seen to have a binding effect on the financial institutions and other groups under its supervision.
April 28th, 2025
ISO 20022 is a universal financial messaging standard that replaces legacy formats such as SWIFT MT messages. It introduces a more structured and data-rich format, allowing financial institutions (FIs) to improve payment processing, compliance and fraud detection. By implementing ISO 20022, FIs will be able to standardize messaging across domestic and cross-border payments, enabling greater transparency and efficiency.