Author

Anaptyss Team

Anaptyss is a digital solutions specialist on a mission to simplify and democratize digital transformation for regional/super-regional banks, mortgages and commercial lenders, wealth and asset management firms, and other institutions. Its Digital Knowledge Operations™ framework integrates domain expertise, digital solutions, and operational excellence to drive the change.

Enterprise Risk Management

How to Manage Different Types of Model Risks in Banks & Financial Institutions

Financial modeling plays a critical role in banks and financial institutions. They assist financial institutions in decision-making, risk management, and...

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Credit Risk Management

Top Trends in Credit Risk Management

Credit risk management is one of the fundamental processes and an essential function in financial institutions. It aims to identify,...

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Enterprise Risk Management

Credit Portfolio Management – Challenges and Strategies

Credit Portfolio Management (CPM) is a key function for banks and financial institutions. It consists of a critical set of...

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Compliance

Reconciliation in Banking – Importance and New Challenges

Financial reconciliation is a fundamental process in accounting, which involves auditing a company's books or general ledger and tallying them...

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AML Compliance

Evolving AML Trends: How Global Sanctions and Regulations Impact Compliance Strategies

In recent years, the landscape of Anti-Money Laundering (AML) violations and fines has seen significant developments influenced by global sanctions,...

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AML Compliance

How to Build a Robust Transaction Monitoring System for AML Compliance: Guide for Bankers

The banking industry continues to build robust AML compliance systems and practices amid growing financial crime threats and volatility. In...

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AML Compliance

How to Build an Expert Compliance Team: A Guide for Banks

In today's rapidly evolving financial landscape and increasing regulatory requirements, banks and financial institutions face a significant challenge: managing complexity...

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Compliance

Key Challenges in RegTech Adoption for Financial Institutions

Financial institutions bear substantial compliance costs, varying inversely with their size. However, failure to comply with the regulatory requirements also...

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Compliance

How to Enhance Fraud Detection in Digital Payments – A Guide for Banks

The shift towards real-time or instant payments is becoming increasingly common worldwide. However, with new payment systems, such as digital...

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Financial Crime

What is Correspondent Banking and Its Associated AML Risks?

Correspondent banking is a critical component of the global financial system, which enables one bank to provide cross-border payment services...

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AML Compliance

How to Improve the Sanctions Screening Process in Banking?

Sanctions screening plays a pivotal role for banks in the fight against financial crimes. It acts as a frontline defense...

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AML Compliance

How Blockchain Can Help Banks Enhance AML Compliance?

Financial crimes, such as money laundering, fraud, terrorist financing, etc., are serious crimes that are constantly evolving with the advancements...

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Compliance

Cybersecurity Laws, Regulations, and Standards for the Financial Services Industry  

With the growing amount of personal and business data in the custody of financial institutions, they face unprecedented risks to...

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AML Compliance

How to Conduct AML Risk Assessment: Types and Implementation

In the modernizing financial services landscape, the risks of financial crimes such as money laundering and terrorist financing have increased...

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Compliance

How to Navigate Cross-Border AML Regulatory Compliance Challenges?

Financial institutions often encounter vast compliance challenges while operating in the domestic market. The regulatory challenges become even more complex...

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Compliance

What is Transaction Laundering: A Growing Threat to AML Compliance

Transaction laundering is a process through which unknown entities use and process their payments through facilities provided by a merchant...

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Compliance

Regulatory Technology (RegTech) for Compliance in the Financial Services Industry

RegTech or Regulatory Technology refers to technology that helps financial institutions manage their regulatory and compliance requirements efficiently and cost-effectively....

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Insurance Services

How to Deliver Effective Insurance Services with Managed Services and Digital Solutions

In the fast-paced world of insurance, staying ahead of the competition requires more than just offering competitive rates and excellent...

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Managed Services

How to Choose the Right Managed Services Provider for Your Financial Services

Choosing the right managed services provider (MSP) for your financial services operations is a critical decision for the success and...

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Managed Services

How are Managed Services Different from Traditional Outsourcing in Banking?

Managed services and outsourcing are often used as synonyms. However, there is a major difference between the two. Managed Services...

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Digital Learning

Boosting Workforce Training in Banking with Digital Learning

Banking and financial services are transforming due to technological disruption, changing customer preferences, and regulatory shifts. While financial institutions are...

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Managed Services

The Role of Managed Services in Streamlining Financial Services

In the digital-first world, the financial services industry is constantly evolving, navigating the unpredictable economic and regulatory landscape driven by...

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Enterprise Risk Management

Credit Risk Management Processes, Best Practices & Techniques

Credit risks can severely impact a bank’s financial stability and reputation and can appear in many forms such as loan...

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Wealth and Asset Management

How to Manage Fraud Risks in Wealth and Asset Management

Wealth and asset management firms are prone to fraud risks that can severely impact clients and financial institutions. In recent...

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Wealth and Asset Management

How AI and Machine Learning Are Transforming Wealth and Asset Management Services

Modern technologies, such as Artificial Intelligence (AI) and Machine Learning (ML), are helping the services industry to meet the rising...

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Compliance

FATF Red Flags for Money Laundering and Terrorist Financing

Money laundering has been rising globally despite the growing laws and regulations and clamping down from enforcement agencies. The annual...

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Compliance

What is Financial Crime Compliance (FCC)?

Financial Crime Compliance (FCC) is a process to ensure your bank or financial institution is meeting the policies, standards, and...

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Compliance

Guide to Anti-Money Laundering in Banking and Finance

Anti-money laundering or AML in banking and finance refers to the legal obligations, set of rules, procedures, and regulations to...

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Financial Crime

FATF Risk-Based Approach to Managing Financial Crime Compliance – Guidance for Banks

Adopting a “risk-based approach” or RBA is crucial for financial institutions to meet compliance with anti-money laundering (AML) regulations. The...

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Digital Knowledge Operations

Managing ACH Fraud Monitoring and Investigation Using the Digital Knowledge Operations™ Approach

Automated Clearing House (ACH) frauds are among the most common financial crimes involving the illicit siphoning of money from one...

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Digital Knowledge Operations

Deliver Fast and Compliant Mortgage Lending with Digital Knowledge Operations™

The digitized marketplace highlights two striking trends for mortgage lenders viz. the growing customer expectations and the evolving regulatory landscape...

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Compliance

The High Costs of AML Transaction Monitoring: Can Machine Learning Help?

The Bank Secrecy Act (BSA) obligates financial institutions to follow a stringent transaction monitoring process to track/monitor, investigate, and report...

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Compliance

Anti-Money Laundering Compliance – Checklist and Best Practices

Money Laundering is a persistent problem globally. As per UNODC, 2-5% of global GDP ($800 billion - $2 trillion) is...

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Financial Crime

Why Adopt Robotic Process Automation to Fight Financial Crimes (5 Benefits)

Financial crimes have been a growing problem for banks and other financial institutions. Offenses like money laundering have drawn increased...

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Mortgage

As Mortgage Rates Increase, Mortgage Fraud Increases

Due to growing inflation and the Federal Reserve's interest rate hike since 2018 in mid-March, the mortgage market, which had...

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Financial Crime

Managing Financial Frauds with Intelligent Digital Solutions

The onset of the pandemic saw a humongous increase in the number of financial crimes all around the world. According...

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Financial Crime

How do Banks Tackle Financial Crimes? The Key Lies in Risk-Based Approach and Domain-Led Expertise

Businesses worldwide are undergoing a wave of disruption led by shifts in technology, mindset, and culture. Amid these upheavals, organizations...

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