Contour was founded by seven banks, Bangkok Bank, BNP Paribas, CTBC Holding, HSBC, ING, SEB, and Standard Chartered.
The new digital software will provide instant 24/7 service availability with fast, inexpensive, easy and convenient online banking, frictionless payments and transfers, personalization, engagement and retention.
In response, the FATF Report Virtual Assets - Red Flag Indiciators of Money Laundering and Terrorist Financing will help national authorities detect whether virtual assets are being used for criminal activity.
As the world enters more complexity in the taxation of highly digitalised businesses, it will be up to policy direction to ensure that African countries do not lose out, he stressed.
The key challenge remains not if we have the best tools to fight fraud, but if we have the best tools to fight the roots of corruption, and how to tackle social engineering with the best technology that can prevent this immorality and fraud from re-occurr
It is against this backdrop that the bank’s pre-tax profit declined 30%, mainly driven by a significant increase in credit impairments, says the bank.
With a total of 150 years of experience between them, two industry leaders in the banking industry are helping their customers take advantage of the latest developments in user experience design, innovation and cloud technologies.