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Everything about IFRS 9 – Is it Compliance, Excellence or Innovation?

Everything about IFRS 9 – Is it Compliance, Excellence or Innovation?

Everything About IFRS 9 – Is It Compliance, Excellence Or Innovation? Preamble There is a lot written about IFRS 9 already. During our internal research and sales question-answer sessions, many of the colleagues reported how the information has been dispersed across sources for someone to get an actionable bird’s eye view around IFRS 9. The …

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FinCluez is your solution for RBS: Risk-Based Supervision

Atumverse-Data is your solution for RBS: Risk-Based Supervision In 2010, Reserve Bank of India announced through its Approach Paper for launching its Risk based supervision system which would require banks to submit over 200 reports. RBI essentially was looking at a straightforward process of collecting data directly from the banks’ source systems’ Common Data Repository …

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IFRS 17: Challenges, Opportunities and the Pressing Need to Automate

IFRS 17: Challenges, Opportunities and the Pressing Need to Automate Hailed as the most significant change to insurance accounting requirement in over 20 years, IFRS 17 will have far reaching strategic implications which will affect organisations beyond their finance function. But before we branch off into the why and how, it is important that we understand the what part of …

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Data as the true accelerant for Digital Transformation

Data As The True Accelerant For Digital Transformation Digital transformation, previously considered as a competitive advantage, has now become a ‘must have’ for organisations to not just thrive, but survive in the new paradigm. Inevitably, digital transformation has compelled companies to adapt to the changing imperatives of the new market reality and reimagine their businesses. …

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The Changing Face of Money Laundering in Asia-Pacific

The Changing Face of Money Laundering in Asia-Pacific Gone are the days when money acquired illegally was tucked away under mattresses. Today, money has become like water. It can flow into any crevice and travel great distances. It can change shape and form. Laundering gives money mobility. It helps people legitimise illegally acquired money. Needless …

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The Need for Seamless Customer Onboarding

The Need for Seamless Customer Onboarding The advent of technology and digitization has ensured that individuals are now increasingly aware of the options available to them in all contexts – be it clothes, food, entertainment, or the big F – finance. Previously, people only had second-hand knowledge on money matters – they largely depended on …

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Digitization of African MFIs – The Ground to Cover and Opportunities Therein

Digitization of African MFIs – The Ground to Cover and Opportunities Therein Author: Krinal Gupta, VP – Product Sales (Africa) at Profinch Solutions As with almost every global economy, the African economy has also suffered major knocks from the Covid-19 pandemic, resulting in a worrying drop in the country’s Gross Domestic Product (GDP), as well as its …

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Digitalizing Fund Transfer Pricing: 8 Benefits of platform approach over patched solution

Digitalizing Fund Transfer Pricing: 8 Benefits of platform approach over patched solution Banks today work in a highly competitive and complex profitability landscape which requires them to perform exceedingly well in order to meet heightened expectations. An effective Fund transfer Pricing model acts as a large piece of the puzzle and can effectively aid robust …

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ML for AML – 8 reasons to use it for transaction monitoring

ML For AML – 8 Reasons To Use It For Transaction Monitoring The digital revolution has brought us closer. It has creatively disrupted our lives and transformed it by bridging the gap between the customer and the seller. For customers, the benefits often outnumber the risks. One can buy a movie ticket, order things online, …

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