Articles

Open banking is a simple-sounding concept—the rules around it, however, are anything but.

US regulators are clamping down on trade-based money laundering, but they should look further than banks to combat the practice.

Payments and compliance system provider Pelican has launched a trade-based money laundering (TBML) detection solution incorporating artificial intelligence.

For many companies, the failure to keep fully compliant with expanding sanctions, regulations and procedures can be a fateful mistake.

In today’s environment of increased cyber-attacks and payments fraud, there is a temptation to focus on protecting global financial flows from the most recent fraud or hack.

The almost unceasing reports of major cyber hacks should be incentive enough to ensure that financial institutions reassess existing fraud protection for their payments systems

In the EU this week, Pelican launched its real-time payments and compliance solution, PelicanFast.

PelicanSecure Fraud Prevention solution is the Pelican’s new AI solution that will aim to help actively and intelligently monitor, analyse, detect and prevent attempted breaches.

Much has been said about the brave new world of transaction banking—robots and blockchains replacing humans and inefficient paper. Are we really headed for a Terminator-esque world where robots are the norm? The fantasy world of fintech has yet to materialize.

The European Parliament’s (EP) revised Directive on Payment Services (PSD2), along with other initiatives such as the Open Banking Working Group (OBWG) and the increase in real-time payments, is set to change the face of banking.