Let’s talk about FATF and whether or not their recent initiatives are doing more good or harm for FinTech and crypto. The Financial Action Task Force (FATF) constantly introduces new measures and updates to combat money laundering, terrorist financing, and other financial crimes. On the surface, their initiatives aim to Read more…
The Financial Action Task Force (FATF) is an international body founded with the aim of enhancing global financial security and improving industry standards. However, in this episode, I share why I believe many of the actions that the FATF has taken are negatively impacting the FinTech space. If you found Read more…
Today, I wanted to talk about the fact that… fraud happens. 😤 Maybe your entity received funds or credit card payments that turned out to be fraudulent, maybe your customer comes back to you and says that their account was taken over and they did not authorize some withdrawals, or otherwise Read more…
The requirements on when to apply strong authentication for EEA-based customers are outlined in the RTS on Strong Authentication (aka “2FA” or “2-Factor Authentication”). It is effective since 2019, but some countries delayed its implementation due to COVID. Anyway, this requirement has arrived in Europe. Generally speaking, it’s required to Read more…
When I interacted with Wirecard a few years ago, I had mixed feelings about them. In some ways, Wirecard is very similar to most other FinTechs, but their fraudulent activity is in a league of its own! If you found value in this episode, I would really appreciate it if Read more…
I observed recently how old-fashioned tabular or matrix-based risk assessments were questioned and challenged by regulators and also by white-label service providers during due diligence reviews. The challenge looked like a series of questions or (in some cases remarks that looked quite biased and even rude) from the reviewers: Your Read more…
Fraudulent activity and security incidents are inevitable. The important thing is that you know what to do if it happens to you. Tune in to today’s episode where I share my key pieces of advice on how to approach these situations. If you found value in this episode, I would Read more…
In this Compliance That Makes Sense episode, Yana wants to discuss a topic that she feels everyone should know the answer for, but apparently, they don’t. Yana is talking about a situation where your customer reaches out and wants you to erase their data because they don’t want to do Read more…
So the doors to Compliance That Makes Sense Helpline are now open and we are accepting new participants. In January 2021, we will celebrate 2-year anniversary (can you imagine that!!!) and there are some clients who are still with us to date! Here is how you know if Compliance Helpline can actually help Read more…
What is the difference between just in case and just in time? Listen as Tom and Yana speak about the difference between iterate or architect, how much time we need to get from an idea to a product, and what ontology means. They also share the much-awaited name of their Read more…