Industry leading anti-money laundering specialist SmartSearch has launched a whitepaper analysing due diligence undertaken by financial services firms when on-boarding clients.

The report, based upon a survey of 500 regulated firms* in the UK, reveals that financial services firms are witnessing increased fraudulent activity, yet many are still using outdated procedures to confirm client identities. Key findings include:

Amazon and Visa reached a global deal on credit card acceptance after a public disagreement over interchange fees, per the FT.

How we got here: The dispute between the two has played out for months across multiple markets as Amazon attempted to pressure Visa into lowering its fees.

Financial advisors have big responsibilities. If you are looking to hire one, you need to make your choice wisely. Ideally, you’re looking for a candidate that is trustworthy, highly skilled, and of course, one that can handle your finances as you need them to.

Finding the right financial advisor is not an easy task and it might take a while. However, there are some things that you can do to make it a more successful choice. Let’s take a look at the 7 best tips to hire the perfect financial analyst this year. 

Yen, Swiss Franc Grind Higher, Sterling Shines; Euro, Aussie Slide

1. PayWallet closes $8.83 million Series A

Partnerships 

Mastercard and Massmart partner to support SME transition from cash 

Justt, a chargeback mitigation pioneer, today announced the launch of Optimus, a powerful new chargeback intelligence solution.

“Amazon’s recent agreement with Visa illustrates the moveable feast that is the current payments ecosystem. Amazon’s position as an enormous global retailer enables them to negotiate card scheme pricing, a standard for all merchants. So why can’t smaller businesses do the same? This increases the pressure on independent merchants who do not have the buying power of Amazon. Many of these businesses already pay thousands of pounds per year, only to face mid-contract price increases.

Trustly, the leading global payments platform for digital account-to-account transactions, is proud to introduce FlexPay by Trustly, a new product that gives consumers the flexibility to defer the settlement date of a debited amount to a date in the future. Merchants will have the ability to configure the deferred settlement periods to up to 30 days.