Accuity Insights Blog

Odebrecht probably sounds familiar to the majority of us, either as a great example of internationalization or for its infamous financial crime allegations. This colossal bribery scandal has been running in the headlines of major newspapers in Latin America for years, bringing to light several related corruption cases. But, let’s take a step back and […]

As we approach the first anniversary of the Panama Papers scandal that broke around the world on 3rd April 2016[1], it is useful to reflect on the impact this scandal has had in improving transparency and reducing corruption.  The scale of the leaked data was massive, including 11.5 million records with details on more than […]

Few would argue that the payments sector suffered or enjoyed – depending on the perspective – extreme levels of disruption during 2016. The pace of change in the industry is extraordinary and we are only halfway through the digital transformation journey. What can we expect to come next in 2017? No signs of slowdown in […]

Amidst the angst and upheavals in 2016, one event for certain brought huge joy to certain residents of Chicago and its sports fans – the Cubs win the World Series! [1] For those outside Cubs Nation, the win ended a 108 year losing streak in baseball which is perhaps one of the longest on record […]

The real estate sector was at the centre of several discussions this year, mainly related to the perceived lack of transparency and high exposure to money laundering risk. Various initiatives have subsequently been initiated by US, UK and Canadian regulators related to high property valuations in New York, Miami, London and Vancouver respectively, including investigations […]

With many financial institutions still using labourious and time consuming manual processes for managing payments, automation systems and smart solutions are a hot topic. Globalization has enhanced the need for cross-border/cross-currency payments, and a rise in technical capabilities means that your customers now also have higher expectations for the speed, efficiency, and simplicity of payments […]

SIBOS Insights brought to you by Accuity.   Stay tuned for the latest interviews and thoughts from #SIBOS 2016:

  Corporations are under constant pressure to improve the operational efficiency of their Accounts Payable (AP) function and optimise cost. Establishing a Shared Services Operations (SSO) centre that caters to multiple business entities helps them to alleviate some of this pressure. The AP function in a SSO centre can often accomplish more tasks with fewer […]

The US dollar continues to dominate world markets, with 87% of all worldwide foreign exchange[1] transactions involving the US dollar (USD). According to SWIFT[2], more than 80% of trade finance was conducted in USD in 2013. In the same period[3], the Chinese RMB accounted for 8.7% of world trade while the Euro accounted for 6.6%. […]

Alfred Pobi, Key Account Manager at Accuity, presented on the challenges facing African banks and the importance of having the right Anti Money Laundering (AML) system in place within those banks during the GIABA Commission (Inter-Governmental Action Group against Money Laundering in West Africa) at Praia, Cape Verde where 17 countries from Africa were represented. […]