KASIKORN Business-Technology Group [KBTG]’s Post

🌟Making faster, smarter credit decisions while elevating customer experience. 🌟 "By automating the credit risk management process, we could quickly evaluate loan applications and make better credit decisions. This reduced the likelihood of defaults and non-performing loans, thus reducing the overall risk". => Learn more how SAS empowers ABBANK to streamline loan application processing and enhance risk assessment. 🌐 #FinancialServices #CustomerExperience #CreditDecisioning #Innovation

"Finding, interpreting and combining historic datasets spanning twenty years to support a massively complex remediation project under public scrutiny would not have been possible without the invaluable data analysis and transformation skills & tooling that was present within the Data and Reporting team of the Derivatives project, which included Henk Thomas of Pomerol Partners." -Robin Polder, Chief Data & Future Technology Cooperatief Klantbelang at Rabobank This is how Pomerol and Rabobank worked together to create that auditable single source of truth for each bank customer to satisfy KYC regulations: https://lnkd.in/gMRh9Pm2 #financialservices #finance #banking #bankinginnovation #kyc

𝐌𝐨𝐧𝐝𝐚𝐲 𝐏𝐞𝐫𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞 The RBI's recent amendment to the Master Direction on Credit and Debit Cards restricts CBPs from accessing transactional information. To address this, the RBI should define "transactional information" clearly, potentially drawing from their 2019 FAQ on payment data storage. Meanwhile, CBPs and banks can clarify data categories in their agreements to ensure compliance and operational continuity. This dual approach will help balance regulatory requirements with business needs. #perspective #RBI #dataprivacy #financialregulation #fintech #bankingcompliance #regulatorycompliance

Private banking as a part of a compensation package is particularly attractive for individuals who require sophisticated financial management and value-added services beyond traditional banking. Private banking has a high-risk exposure for ML due to secrecy and privacy 🔐. Private banking customers, who possess high net worth, generate significant revenues for banks. Consequently, banks strive to satisfy them to maintain their business. However, sometimes they might be exploited for money laundering (ML) activities. Customer Due Diligence (CDD) must be applied to both private bankers and private banking customers to detect and prevent any suspicious activities. It is crucial to maintaining the health and integrity of the financial system. #privatebanking #CDD #hightnetworth #secrecyhaven #Eidmubark #AMG

GLEIF today announces that BNP Paribas has officially joined the Global LEI System as a Validation Agent, setting a precedent as the first global systemically important bank (G-SIB) based in the European Union to participate in this transformative program. This collaboration signifies a milestone in our efforts to enhance the integrity and efficiency of global financial transactions. By proactively assigning LEIs to Corporate and Institutional Banking (CIB) clients at onboarding and ensuring LEI completeness during KYC recertification, BNP Paribas is not just complying with regulatory requirements but is also leading the way in providing a seamless, more accurate client experience. The partnership exemplifies how adopting the LEI can simplify entity identification procedures, facilitate smoother onboarding processes, and uphold the highest data accuracy standards, benefiting the entire financial ecosystem. #GLEIF #BNPParibas #ValidationAgent #FinancialServices #KYC #LEI

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According to Experian risk leaders expect worsening payment conditions in 2024-25. "The solution could lie in lenders adopting new technologies to help make faster lending decisions, improve customer management, reduce credit losses and minimise fraud." More of the same isn't going to produce different results. Give HelpPay a try. https://lnkd.in/d6BCZ3Aa - Zero IT or payment integration. - Australian platform leveraging BPAY. - Easier than you may think to get started. - Trusted by thousands of customers. - Trusted by leading Australian brands. - Be live by Christmas with no additional workload to your people.

The renowned Datos Insights identified the most important features of Aithent Case Manager that make it the ideal case management solution for banks and credit unions. Here is what they highlighted in their report: 👇 ☝🏻Aithent determined the needs of investigators and developed a solution to meet them, resulting in a friendly, intuitive user interface, good organization and workflows, and functionality to support all types of investigations. ✌🏻One striking comment from reference clients is how pleased they are that their support contacts understand their business so well; when they have problems, Aithent’s representatives not only are responsive but also understand and resolve the issues quickly. 🤟🏻Providing clients with contacts who truly understand the client’s business and its needs tends to build strong vendor-client relationships. #casemanagementsystem #casemanagement #casemanager #fraudprevention #frauddetection #fraudmanagement #antimoneylaundering #moneylaundering #usa #unitedstates #banking #bankingindustry #creditunions #combat #antifraud #globalfinance #moneylaundering

🏦 Correspondent Banking: Managing Financial Crime risk through data analytics 💵 Correspondent banking is a cornerstone of international #finance, offering a critical conduit for transnational transactions and financial services. But as with any large, intricate and partially opaque financial system that relies on mutual trust, it is also a prime target for illicit exploitation, particularly money laundering. ✍️ In our latest issue of #TRADEFINANCETALKS, July 2023 edition, Max Heywood, Head of Market Engagement at Elucidate talks about correspondent banking and how data analytics can help manage financial crime risk. 📖 Read the article here ➡️ https://lnkd.in/gkd4Mgva #banking #crossborderpayments #internationalfinance #AML #KYC #financialcrimeprevention