How AI and Synthetic Identities are reshaping insurance risk
Why insurers must rethink fraud and compliance in the age of AI
A new customer applies for a policy online. All the relevant documents have...
How HR can safeguard your organisation against FIC violations
In February 2023, South Africa was placed on the Financial Action Task Force’s (FATF) “grey list” after the global watchdog found shortcomings in how...
The actual cost of non-compliance with FICA
In the past 18 months, institutions across banking, legal, and financial services have faced steep penalties for non-compliance with the Financial Intelligence Centre Act...
Why microlenders are under the regulatory spotlight
Microlenders face two regulators and one big risk.
Microlending is the practice of providing small loans to individuals or groups who can’t access traditional financial...
Check yourself before you wreck yourself – ongoing monitoring measures to stay on the...
VOCA introduces new ongoing monitoring functionality to help businesses detect risks in real-time
Keeping up with regulatory compliance isn’t just about ticking boxes, it demands...
Fraud trends indicate South Africa needs a proactive approach to turn the tide on...
Systemic vulnerabilities, cybercrime and social engineering add to pressures on institutions, businesses and the economy
Fraud in South Africa is on the rise with no...
Why you should consider automating FICA compliance
When a well-known fund manager was fined R16 million earlier this year for failing to comply with the Financial Intelligence Centre Act (FICA) stipulations...
Know the person behind the CV and the partner pitch
Businesses can’t afford bad hires or dubious business partners, so why are they still happening?
A key new hire or business partner can have a...
Putting lenders in the driver’s seat for better vehicle finance
Ultimately, the goal is to facilitate transactions while promoting responsible lending practices that contribute to long-term financial stability for both businesses and consumers alike. “By embracing a holistic approach to credit assessments and affordability checks, lenders can strengthen trust, mitigate risks, and foster mutually beneficial relationships with their customers. It’s a win-win for everyone involved,” says Kumandan.
Financial advisors – building trust through accurate data with SearchWorks
Financial advisors play a vital role in shaping financial futures. By creating tailored blueprints for individuals and businesses based on their goals, income, and...
Navigating FICA compliance for the South African retail industry
The South African retail industry operates in a complex and challenging environment. Economic uncertainty, rising costs, and unpredictable consumer demands have created conditions in...
Breaking down the FIC Act: A Quick Guide for Accountable Institutions
As is generally the case with new legislation, most businesses will only take it seriously once an inspector comes knocking. This should not be...
