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RedCompass Labs Insights

Retail Central Bank Digital Currencies (CBDC): Should banks start getting ready for them?

  These days, it is almost impossible to look at the financial services industry news or attend a webinar without Central Bank Digital Currencies (CBDCs) being mentioned. It looks like it is not a question of “if” anymore, but “when” CBDCs will happen. But what is behind this surge of interest by all the main central...
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COVID-19 impacts Machine Learning: how should we react?

Data is the new gold. Artificial Intelligence (AI), Machine Learning (ML) and Data Science (DS) are the tools needed to extract it. AI, for its promise, is often rooted in solving the problems of today. But ML is built on learning from large data sets. So, what happens when a pandemic hits, financial crimes thrive, and...
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Combination Of Data Analytics and ISO 20022 for an Inclusive and Profitable Banking

In our guest blog on Volante Technologies website, RedCompass Labs' Head of Payments Strategy, Julie Guetta, discusses the implications of banks' migration process from the MT payment message standard to the ISO 20022 format on the unbanked people. 
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ISO 20022: why you need advanced data-led technology in your testing

Over the next five years, as central banks across the globe upgrade their settlement platforms to handle ISO 20022 financial messaging, the banks participating in these settlement networks will have a massive workload on their shoulders. Testing these changes will be extremely challenging and critical for banks. Many of...
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How Facebook and Reliance Jio are reshaping the World of Payments

Between April and May 2020, Reliance Jio Platforms received $5.7 billion from Facebook and $ 870 million from General Atlantic, a high-profile investor known for its stakes in Airbnb, Alibaba and Facebook. On May 22nd, the New-York based financial services company KRR announced it will invest $1.5 billion in the top...
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Data-driven testing enables bank to slash costs by 20% during COVID-19

Press Release
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What does India's coronavirus lockdown mean for banks?

With more than three-quarters of global banks having a direct or third-party offshore presence in India, what does the Indian lockdown mean for banks?
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Why (and how) we help banks stop modern slavery: RedFlag Accelerator

Today, Tom Hewson, RedCompass Labs Senior Partner, talks about the journey the team took to  develop the RedCompass Labs RedFlag Accelerator, a consolidated and standardised toolkit that enables banks to accelerate the search of human trafficking traces in their organisations.  
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RedCompass joins the Traffik Analysis Hub

PRESS RELEASE
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Financial Inclusion as part of a Successful Payments Strategy

Across banking and the business world, accessibility and affordability of financial services for all individuals and business are often considered a political matter. Or worse, a PR and marketing gimmick masked as CSR. The reality, though, is that banks that leave financial inclusion out of their payment strategy will...
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