With the advent of AI, there has been a significant structural shift in the banking industry, not only in the MENA region but across the globe. As technology evolves, the banking industry will likely see further advancements, with a focus on more sophisticated applications and a continued emphasis on improving customer journey, operational efficiencies, security & adherence … [Read more...] about 7th Middle East Banking AI & Analytics Summit
compliance
Transforming Compliance Transaction Monitoring: The Future of Anti-Money Laundering
In the world of financial institutions, monitoring transactions for money laundering and financial crime risks is a complex and ever-evolving challenge. Regulations mandate extensive anti-money laundering (AML) programs, including the monitoring of suspicious activities. But what defines something as suspicious, and how can financial institutions ensure they effectively … [Read more...] about Transforming Compliance Transaction Monitoring: The Future of Anti-Money Laundering
Importance of Data Anonymization in the post-GDPR World
Data is the beating heart of modern businesses, vital to their survival and success in the digital age. However, the increasing volume of data has raised concerns about personal data protection and privacy at a global level. In response, regulations such as GDPR, Consumer Privacy Act, and Personal Information Protection Act have been implemented to safeguard individual … [Read more...] about Importance of Data Anonymization in the post-GDPR World
Securing the Future: The Role of Digital Video Verification in Today’s World
The importance of online identity verification cannot be overstated in the contemporary digital world, as it has become a crucial element for businesses and organizations. Before digitizations, KYC services were done manually. It mainly concerned financial institutes i.e., banking. Some businesses still perform customer verification in the traditional way, but most of them have … [Read more...] about Securing the Future: The Role of Digital Video Verification in Today’s World
How to Ensure Privacy and Security in Test Data Management?
For decades, businesses have been protecting data privacy to build customer trust. Fast forward to today, it is no more a choice but a regulatory mandate that can attract stringent action in case of no compliance. With regulations like GDPR and CCPA, enterprises must take extra measures to protect data privacy in their test environments. As more companies rely on technology to … [Read more...] about How to Ensure Privacy and Security in Test Data Management?
