Ionixx Blogs

"Illustration of a person interacting with a digital interface showcasing biometric verification and security measures, representing strategies for overcoming common compliance issues in KYC processes. The image includes the Ionixx Technologies logo and the text 'KYC for the Future: Strategies for Common Compliance Issues'."

KYC for the Future: Strategies for Common Compliance Issues

Reading Time: 3 minutes Current brokerage KYC processes are complex and cumbersome, often resulting in non-compliance and hefty fines. In 2023, Merrill Lynch was fined heavily for failing to address AML-related compliance. Despite financial institutions worldwide spending an estimated $58 billion on KYC compliance and AML technology annually, why does the industry pay billions Read more…

Open Banking and API Trends to Watch in 2024

Reading Time: 5 minutes Open banking is rapidly reshaping the financial landscape, shifting the monopoly of financial data from traditional banks to a more inclusive ecosystem. A financial technology practice that allows third-party financial service providers to access consumer banking, transactional, and other financial data from banks and non-bank financial institutions, open banking uses Read more…

How Is AI Changing the Game for Post-Trade Operations?

Reading Time: 4 minutes The dynamic nature of capital markets today brings a host of post-trade processing challenges, from increased costs and margin pressures to more stringent risk, compliance demands, and regulatory interventions. Right from trade confirmation to clearing and settlement, post-trade processes often suffer from high complexity and error rates, directly impacting transaction Read more…

5 Use Cases Of Blockchain In Post-Trade Processing

Reading Time: 5 minutes Blockchain technology shows considerable potential in reshaping the finance industry, offering new pathways for innovation and efficiency. As financial systems evolve towards more digitized and decentralized frameworks, there is a growing interest in solutions that are secure, transparent, and efficient. Many FinTech companies are exploring the capabilities of blockchain to Read more…