Accuity Insights Blog

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24 August 2020 - Accuity Insights

Combining Rich History with Innovation to Solve Contemporary KYC Needs

Vito Cinesi, Head of Correspondent Banking and Foreign Financial Institutions at Banca Monte dei Paschi di Siena – the world’s oldest bank – discusses how Bankers Almanac KYC has helped the institution to thrive.
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12 August 2020 - Accuity Insights

Escrow in Real Estate: A Honeypot for Money Launderers

The real estate industry is frequently used as a conduit for money laundering activities. Every year, around $1.6 trillion of dirty money moves through this market – equivalent to 3% of the world’s GDP. In this article, we explore an important element within this topic – escrow (or trust) accounts.
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26 May 2020 - Accuity Insights

ISO 20022: A Positive Force in the Fight Against Financial Crime

By providing more detailed information about all parties involved in a payment, the ISO 20022 message format will not only speed up payments, but increase transparency, improve sanctions screening and help organisations better detect and prevent financial crime.
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19 May 2020 - Accuity Insights

ISO 20022 Migration: A Moving Target

ISO 20022 will impact a wide number of bank functions, from payments processing systems to foreign exchange, treasury, billing, screening, trade finance, and other operational areas. Before a ‘payments nirvana’ can be achieved, organisations should be prepared for what is likely to be a troublesome transitional period.
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12 May 2020 - Accuity Insights

ISO 20022: Shaping the Future Payments Ecosystem

As barriers continue to fall and international trade increases, the need for fast, accurate and efficient cross-border payments will continue to escalate. Meeting this need can only be accomplished with initiatives like ISO 20022.
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5 May 2020 - Accuity Insights

ISO 20022 and Evolving Payment Infrastructures: Where Are We Now?

As barriers continue to fall and international trade increases, the need for fast, accurate and efficient cross-border payments will continue to escalate. Meeting this need can only be accomplished with initiatives like ISO 20022.
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25 September 2019 - Accuity Insights

The Myths and Magic of AI

Artificial intelligence is already transforming financial services and has the potential to bring about even greater change, but we should always remember its limitations.
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12 April 2019 - Accuity Insights

Community Spirit Powers a Culture of Success

Diversity drives our business forward. We’ve been speaking to people from different backgrounds in different offices across our organisation to find out exactly what diversity means to them and how it impacts our customers. In the following blog, Patrick McConville discusses his experiences and the power of a supportive community.
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Digital City
21 February 2019 - Accuity Insights

Making KYC Scalable and Sustainable with the New Bankers Almanac API

Know Your Customer (KYC) due diligence still involves sifting through realms of unstructured data, using manual and repetitive methods; and this is something we are helping the industry overcome. By offering our unrivalled intelligence on global financial institutions via our new Bankers Almanac: KYC API, we aim to help financial institutions with large-scale KYC operations to be more effective, drive efficiency, and make the KYC process more sustainable.
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Robot hands typing on a laptop
22 October 2018 - Accuity Insights

Can fully automated KYC become a reality?

Banks desperately need to meet compliance requirements without slowing down transactions or damaging customer relationships, but KYC screening still involves sorting through huge amounts of unstructured data, using manual and repetitive processes.
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