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29 July 2015 - Accuity Insights

Identity Matching: What is the Value of Screening Hubs?

Screening hubs are now an established and business-critical feature of any modern day financial institution. They are an integral part of the operational structure of organisations, crunching the numbers infinitely faster than us humans ever could. What’s important is that screening solutions offer real time business benefits. Financial institutions need access to instant, accurate results. […]
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23 July 2015 - Accuity Insights

Nine Indian Banks Face KYC Investigation

Nine Indian banks have recently come under fire for harbouring fake accounts linked to a medical institution scandal. Police arrested two people accused on multiple charges, including impersonating proprietors of the organisation. The individuals behind this scheme have allegedly scammed over 50 families of several hundred thousand rupees each. Accordingly to police officials, the total […]
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22 July 2015 - Accuity Insights

Identity Matching: Keeping On Top of High Data Volumes – What Are the Options?

Considering the huge amount of data that organisations now have to process for name screening, it is imperative that they have sophisticated filtering systems in place. Otherwise, they risk being overwhelmed by the data, either suffering multiple false positive alerts or worse still, missing relevant hits. There are various different approaches that organisations can use, […]
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20 July 2015 - Accuity Insights

Historic Iranian Nuclear Deal: Why Banks Still Need a Comprehensive Sanctions Program

News of the historic Iranian nuclear deal has been dominating headlines over the last week, with many different viewpoints emerging on the pros and cons of the situation. Henry Balani analyses the recent developments, offering three compelling reasons why banks must keep their sanctions programs firmly in place. The sanctions will be lifted gradually Assuming this […]
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15 July 2015 - Accuity Insights

Identity Matching: Getting Through the Numbers While Keeping the Hits Right

A huge challenge for organisations is the sheer quantity of data that needs to be processed now. Plus, it needs to be processed quickly and accurately. Accuracy is critical as organisations don’t want the situation whereby hits are missed that should have been picked up or lots of irrelevant hits are triggered. The volume of […]
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10 July 2015 - Accuity Insights

India’s Black Money Law Causes Concern

Earlier this week, the Times of India reported that while Indian authorities have been progressive in providing a window for Indian citizens to declare their previously hidden income (Black Money Law), money laundering continues to be a concern. The article raises tax experts’ concerns that there isn’t enough clarity around the possible use of the […]
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8 July 2015 - Accuity Insights

Identity Matching: What’s In A Name?

Names have a structure and typology that are influenced by cultural and regional factors.
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7 July 2015 - Accuity Insights

Anti-Money Laundering – A Worst Case Scenario

International trade between the likes of Latin America and China in the South is rising while the big banks in the North are still reluctant to lend. What are the implications for anti-money laundering efforts? Henry Balani offers an intriguing scenario… Arms dealers and drug traffickers once cleaned their dirty money at the casino. Now […]
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3 July 2015 - Accuity Insights

Virtual Currencies: New Guidance from FATF

FATF have just released guidance on how countries should deal with virtual currencies. This report is significant as it acknowledges the growth of alternative forms of digital payments and the risks it imposes. However, what is also significant is that it urges member countries to update their AML/CTF regulations to incorporate the risks to both the Bitcoin […]
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1 July 2015 - Accuity Insights

Identity Matching: What is Name Screening And Why Do We Need It?

When electronic name screening was introduced in the nineties, it only involved a few hundred names. Now, however, millions of names are screened worldwide all the time and against an increasingly complex backdrop. Every time an individual makes a simple transaction – such as booking a flight, opening a bank account or even just buying […]
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