Money makes the World go round. While that is a lyric to a famous song, it holds a lot of truth; money, as a transmitter of energy, powers our personal economic lives and enables the global economy. Through its transfer between individuals and entities, we can deliver that economic energy almost anywhere on the planet.

For any company doing business internationally, a robust system for performing sanction checks ensures legal compliance and reduces the risk of fraud or illegal funds entering your payment process. Has your business ever tried to cash an international check? Depending on all the parties involved — different countries, banks, clients, transfer methods — it can

Sometimes risk analysis can result in paralysis. Finding your risk tolerance and applying it to specific situations requires a nuanced approach. I am always wary of anyone who tells me categorical rules – e.g. we do not do business in Russia because it is too risky. In this era of oversimplification, such statements border on

On January 12, 2016, the revised Payment Services Directive (PSD2) came into force in the European Union (EU). When the original Payment Services Directive (PSD1) was issued in 2007, the purpose of the directive was to create a single market for payments within the European Union by providing a legal platform with comprehensive rules and

As the financial technology (fintech) sector continues to gain momentum globally, Canada has a great opportunity to leverage its highly skilled workforce and take on a key role in forging a path for fintech innovation. OMERS Ventures, the venture capital arm of one of Canada’s largest pension funds, published a map of some of the

Trulioo’s Founder & CEO, Stephen Ufford, has been invited to join a panel of anti-money laundering (AML) experts on the topic “AML & OFAC in the New Payments Landscape” at this year’s Money20/20 at The Venetian in Las Vegas, Nevada on October 25th from 4.10pm to 5pm. Stephen will be joined by the following panelists:

For decades, the United States Agency for International Development (USAID) and the development community have stressed the importance of infrastructure – building roads so that farmers can get crops to market, or water systems to increase access to safe drinking water. Lack of access to traditional infrastructure has always been a limiting factor for the

The challenge of reaching the unbanked is no simple task. In India, where Prime Minister Modi has encouraged more citizens to open bank accounts through the country’s ambitious yet successful financial inclusion initiative, there is still work to be done. While the number of bank accounts opened is at an all-time high, the usage of

Mobile money has become extremely popular in emerging markets around the world. In countries like India and Kenya, where few people have access to even the most basic banking services, mobile money is a convenient and easy-to-use alternative for cash. While the technology is seen as one of the most effective methods to building greater