Correspondent banking mangement
Regarding Correspondent BAnking
Correspondent banking business is considered by experts to be high-risk business.
Correspondent accounts in particular can play a key role in international money laundering and tax evasion. Furthermore, the supervisory authorities have gradually tightened the money laundering regulations.
In 2020, the 5th EU Money Laundering Directive will come into force, requiring financial institutions to examine and monitor their correspondent banking relationships even more closely.
Finocon GmbH is a RegTech start-up from Stuttgart.
Our focus: Tightened up requirements for documentation and due diligence of correspondent banking relationships, especially in high-risk countries, make it difficult to handle them easily.
Finocon digitizes and automates significant processes and supports financial institutions to manage their correspondent banking relations efficiently and easily.
You have questions?
Do you want to explore how Finocon can also help you to optimize your work and cut down costs?
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FINOCON CORRESPONDENT BANKING MANAGEMENT
Digitize and automate your correspondent banking processes!
Learn how Finocon can help your bank to increase the precision of risk evaluation and have more done with less work.