What is AML?
Anti-money laundering (AML) refers to the net of regulations, and procedures aimed at discovering efforts to hide criminal funds as legitimate income. AML regulations require financial institutions to develop sophisticated customer due diligence plans to assess money laundering risks and detect suspicious transactions. What do AML specialists do? The AML division guarantees that clients’ and […]
Multiple business payment cards are now available at Nordic Eur
One of our primary goals is to provide convenient services and products to make your business management more efficient. Nordic Eur is already offering virtual payment cards to our business clients. Now we are happy to announce that, for your convenience, we can offer several cards for each business account. This way, companies can issue different […]
Changing the paradigm of banking industry
The number of entrepreneurs and digital businesses is growing faster than ever, however, this sector is still being underserved. A large amount of digital business is misunderstood by conservative financial institutions, mostly due to its novelty. We aim to address this supply gap and allow participation in the financial market for every business. Nordiceur.com includes all […]
How customer verification benefits the clients
Customer Due Diligence (CDD) is a crucial part of a financial institution. It’s a process to collect and evaluate relevant information about a client and its business. In this blog, we will dive into what CDD is, why it is important to the client, and the basic steps to it. By accepting new accounts, financial institutions […]
How fintech helps high-risk business to survive
Financial technology has dramatically impacted the nature of business. It has highly increased customer engagement, constructed new payment options, assisted in new product creation, etc. By using technology as a solution and tool, many companies have increased their efficiency and customer experience. Besides all the benefits fintech offers to traditional businesses, it also gives a […]
Why EMI is a better option than a regular bank
Electronic money institutions (EMIs) have become a force to be reckoned with in the world of digital finance, where they are competing with digital banks, traditional banks and other forms of financial service providers. So why is EMI a better choice? Account opening process There‘s no need to take a trip to the bank, wait […]
What is SEPA and how does it work?
You may have heard of SEPA and probably have used it, but what does this term mean, and how does it work? SEPA stands for Single Euro Payments Area. It’s a collaborative process between European economic area countries. At the moment, this region consists of 36 European countries, including several countries which are not part […]