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Nov 4, 2024

The Crucial Role of Third-Party Risk Standards in Cross-Border Payments

As businesses expand their reach into international markets, cross-border payments have become an integral part of global commerce. However, the complexities of these transactions, compounded by the reliance on third-party service providers, necessitate a robust framework for managing risks. Third-party risk standards are increasingly recognized as essential for ensuring secure and efficient cross-border payment processes.

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Business
Nov 4, 2024

PXP Financial Partners with Kushki to Expand Its Presence in Latin America

In a strategic move to enhance its operations in the Latin American market, PXP Financial has announced its partnership with Kushki, a prominent payment service provider. This collaboration aims to bolster PXP’s capabilities in the region, enabling it to deliver more comprehensive payment solutions to clients across Latin America.

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Business
Nov 4, 2024

Inefficient KYC and Onboarding Processes: A Warning from Fenergo on Client Loss for Banks

In an era where customer experience is paramount, financial institutions must reevaluate their Know Your Customer (KYC) and onboarding processes to avoid losing clients. Fenergo, a leading provider of client lifecycle management solutions, has issued a stark warning about the consequences of inefficient KYC practices, highlighting the need for banks to streamline their operations to retain customer loyalty.

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Business
Nov 4, 2024

Steering Financial Institutions Toward a Safer, Smarter Future: Insights from Huawei's Jason Cao

As the financial services sector grapples with rapid technological advancements and increasing cybersecurity threats, Huawei is positioning itself as a key player in driving innovation and security within the industry. In a recent discussion, Jason Cao, the CEO of Huawei Financial Services, shared his insights on how the company aims to help financial institutions navigate these challenges and embrace a safer, smarter future.

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Business
Nov 4, 2024

Oracle Unveils AI-Powered Case Management Solution to Enhance Bank Security

In a significant advancement for the financial services sector, Oracle has launched an innovative AI-powered case management solution designed to help banks proactively combat fraud and other illicit activities. This new offering aims to streamline the identification and management of suspicious cases, enabling financial institutions to stay ahead of bad actors in an increasingly complex regulatory environment.

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Business
Nov 4, 2024

Saxo Bank Unveils New Investment Platform Amid Growing UK Investor Base

Saxo Bank has announced the launch of a state-of-the-art investment platform aimed at catering to the increasing number of investors in the United Kingdom. This strategic move comes as part of Saxo's commitment to providing innovative trading solutions and enhancing the investment experience for both novice and experienced traders.

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