Can AI solve money laundering impact on humans ?
Money laundering has serious negative effects on society, such as: - Eroding the trust and stability of financial institutions and markets😔
2. Issuer and Acquire need to make tokenisation process seamless for small business
3. Currently it is fragmented market for token , this need to be sreamline
https://t.co/z6jGU8pJFx
Tokenisation is an great tool to secure card data and RBA is heading towards right directions , here are 3 things that will help in rapid adaption
1. Making sure scheme don’t increase cost for tokenisation.
So many people are concerned about artificial intelligence, as a human we are mostly resistant to change but it is important to remember AI is a helping hand and not replacement for human. Embrace it and love it❤️
Good to see the roll out of FRX system ( Fraud reporting exchange) in Australia which will speed up communication between banks to stop scammers moving money from accounts
New term for today .. we all are familiar with Fintech but are u familiar with the word “RegTech”🤔
“ using technology to meet regulatory requirements “
Australia Unites, I will be taking calls tonight from 6:30pm for Red Cross Flood Appeal telethon.
Call 1800 733 276 or Click to donate.
Please help with recovery from recent devastating floods in QLD and NSW.
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Sometime in our daily rat race and busy life, we forget to stop and take a breather and think about things that has made us happy in our life and sometime in the moment happiness are necessary to boost motivation #motivation - came…https://t.co/cUleOI7Hf4 https://t.co/B5xVd2Dofn
Stop money laundering, save lives.
The FATF is holding a three day Plenary to discuss key issues in the fight against money laundering and terrorist financing.
See more about the agenda ➡️https://t.co/0ns8ofyi2i
#FollowTheMoney
The FATF plenary has concluded. A number of countries have entered the FATF’s Jurisdictions under Increased Monitoring list, often referred to as the 'grey list'. See the full update here➡️https://t.co/v9mES9jg5R #FollowTheMoney
New technologies are vital to the fight against money laundering and terrorist financing. An FATF report looks at the opportunities and challenges of new tech in this area. See more details here ➡️ https://t.co/PaX4JUqx6G #FollowTheMoney
Digital wallet (Apple pay, Google) jumped +90% in 2021 compare to 2020 with 1 in 4 business going cashless.. COVID has accelerated digital payment .
https://t.co/a4dVfuYom2
FaaS (fintech-as-a-service )will be next big thing attached to FinTech providing financial and payment services to non-banking business with full KYC/AML integration - watch this space. 📱💳
First it was Cash that become digital now it is Metal on List - some metal have turned Digital ..how ? A gold-digital currency represents tokens, which are virtual gold that is backed by actual gold blocks. ?
https://t.co/RwckYUHdX3