Why mining companies must know their customers – and how to do it
How well do mining companies know their customers and suppliers? Those not engaged with the process around who they work with, could be storing up all sorts of trouble for the future. Mining companies have become accustomed to tough scrutiny
Why banks must remain vigilant of binary options
Beware binary options. Described by one commentator as speculation “on speed”, these contracts have been banned in Europe and are the subject of regulatory action in the US. But unethical and downright illegal brokerages continue to push them on
5AMLD goes live: What the EU’s Fifth Money Laundering Directive brings
Designed to add more teeth to the current EU laws combating the rampant menace of money laundering across the continent, the Fifth Money Laundering Directive (5AMLD) became EU law on 10th January 2020. It includes a host of significant
Is RPA a stopgap in automating complex banking compliance processes?
Robotic Process Automation (RPA) is proven to deliver cost-savings whenever it is used to automate simple processes. However, for more complex banking processes it comes with a warning to avoid over-utilising it, and, the predominant view is that enterprise
How online video games are becoming a safe haven for money launderers
Recently, a very odd news article from China received a lot of coverage in Western online platforms. It was about a lawsuit involving a gamer who had spent over $1.4 million on a single video game character. Video game microtransactions
Drawing parallels: Government Infrastructure & Enterprise Software Projects
Key insights & lessons for Managers from the other side of the great Public-Private Divide Many enterprises in the second decade of the 21st century have a pressing problem related to IT infrastructure - hopelessly outdated software systems and hardware.
InsideArachnys – Q&A with Andrey Zotov, Engineering Director
Welcome to InsideArachnys, a series of interviews where we speak to the people behind the Arachnys platform. This month, we caught up with Andrey Zotov, our Engineering Director who heads up product solutions, design and delivery. Hi Andrey, can you
Why trade is the latest frontier in the war on money laundering
The battle against money laundering often feels like an extended game of “Whac-a-mole”. Crack down on one problem area and another one inevitably pops up elsewhere. Witness the rise of trade-based money laundering: as governments have got tougher on
Challenger banks gear up for KYC battle
Challenger banks are in fierce competition to build economies of scale as they square up to traditional players. But they face a stiff test in onboarding customers quickly and easily while also meeting increasingly onerous know your customer (KYC)
How digital transformation failures can happen to any enterprise
For enterprises, digital transformation is the perfect example of a double-edged sword. On the one hand, it holds forth promises of increased efficiency, cost reduction, and often a decisive edge on the competition. But the dangers posed by large-scale
InsideArachnys – Q&A with Charles Talibard, Senior Software Engineer
Welcome to InsideArachnys, a series of interviews where we speak to the people behind the Arachnys platform. This month, we caught up with Charles Talibard, one of our Senior Software Engineers in London, and also one of our newest