When you’re processing thousands, or even millions, of customer records, speed without structure is a liability. Most financial services providers and insurers depend on...
For anti-money laundering (AML) teams, the stakes have never been higher. Compliance pressures are mounting; onboarding timelines are shrinking, and procurement demands faster, more...
Early- and late-stage debt collections are the heartbeat of any debt collection business, but managing them efficiently isn’t as easy as it sounds. Early-...
Navigating the complexities of FICA compliance can be daunting for Businesses and Accountable Institutions (AIs) in South Africa. Fortunately, FICA Compliance Software offers a...
Automating Know Your Customer processes significantly enhances the efficiency, accuracy, and speed of your company’s compliance efforts. When you implement a system for automating...
Debt collectors face numerous challenges when it comes to efficiently managing and recovering debts from deceased estates. The Section 29 Deceased Estate API for...
South Africa joined several other countries on the so-called ‘grey list’ last year, which is not only detrimental to the country’s financial system’s reputation...
The Financial Intelligence Centre (FIC) has again warned that some legal practitioners, estate agents, and dealers in precious stones and metals are “wilfully standing...
AML (Anti-Money Laundering) verification refers to the procedures and checks those financial institutions, such as banks and accountable institutions, use to ensure compliance with...
South Africa’s major banks may not accept damaged green ID books as verification of a person’s identity, potentially creating big problems for naturalised citizens...
Transforming Data Management with OCR Managing vast amounts of data efficiently is crucial for businesses that deal with a lot of information and data....
The Financial Intelligence Centre Act (FICA) has been amended to include many more businesses under the scope of so-called “accountable institutions”. This means these...
National Treasury has announced that South Africa is not expected to exit the Financial Action Task Force’s (FATF) greylist before June next year, aligning...
Criminals are creating synthetic identities by blending real personal details with fabricated information—a trend that has been further exacerbated by technological advancements and the...
NEWS FROM DATANAMIX Welcome to the Datanamix newsletter. We’re excited to share some significant updates regarding our OCR and Section 29 Deceased Estates products....
With a new political elite on their way and two ministers from the sixth administration appearing in court for corruption, following FICA processes will...
South Africa’s Financial Sector Conduct Authority (FSCA) is targeting non-compliant financial services providers (FSPs) to meet the criteria for being removed from the Financial...
The government is on a mission to reverse South Africa’s greylisting in the international financial services sector, and consumers of financial services are likely...
Terrorist organisations heavily depend on financial resources to support their operations, including recruiting and training members, obtaining weapons, and carrying out attacks. Money laundering...
Data-driven Account Origination (AO) solutions are essential for modern businesses, enabling informed decisions during customer onboarding. However, this stage poses risks that must be...
Debt levels for South Africans earning more than R20,000 a month are reaching record levels, where households are now spending two-thirds of their income...