Comarch Finance

Comarch delivers state-of-the-art IT solutions for the finance sector including banks, insurers, asset management companies, pension funds, etc.

Company Insights

/images/news/79666.jpg
Criminals of cyberspace: live by the sword, die by the sword

17th July 2020

Confinement measures have led businesses and individuals to turn to online systems – and developed a whole new green field for criminal activities. As banks had to re-think and re-organise a great part of their processes with fewer human resources, monitoring suspicious transactions now tends to come as a second priority. This challenge...
/images/news/79464.jpg
Security and convenience: a perfect relationship?

30th March 2020

In 2016, the global fraud detection market was valued by Allied Marked Research at $13.6bn. Fast forward to today: according to Fortune Business Insight, the global market for anti-fraud solutions will grow from $19.3bn in 2018 to $110bn in 2026. The growth is exponential, and the banking, financial services, insurance and manufacturing sectors...
/images/news/79457.png
When will AI-based AML be friends with European regulators?

24th March 2020

The scale of the problem has been demonstrated by the legislative activity of the European Parliament, which over the past five years has adopted three directives regarding anti-money laundering and terrorism financing. Complying with the directives is a particular challenge for banks, exposed to a three-fold risk in terms of money laundering...
AI vs money laundering. Who wins?
AI vs money laundering. Who wins?

1st November 2019

With a million-wide customer base, banks have introduced automated transaction monitoring systems. Traditionally, they are based on a limited number of predefined money laundering detection scenarios, known as rules or conditions. If an account holder violates any of these rules, an alert is generated.  This is very imperfect....
/images/news/79033.jpg
Appetite for digitisation

27th September 2019

SMEs are no longer just traditional outlets manufacturing goods and then selling them on local markets. With constant technological progress and stiff competition, many new start-ups expand their business activity and go global. They grow in wealth, number and significance: according to Accenture, only in the UK SMEs constitute 99.9 percent of...
/images/news/78654.jpg
Security threats continue to bug mobile users

9th May 2019

There are three things we usually don’t leave home without: keys, wallet and phone. The first two can be easily replaced by the third one. But to manage money using a few-inch screen is not a small task by any measure. Granted, we can deal with managing access to the device itself quite efficiently. However, it is much harder for us to...
/images/news/Tokenization-Comarch-77871.jpg
Adapting to tokens: the simpler, the better

12th September 2018

In my previous article, I tried to answer the fundamental question of why anyone would need a token. Today, we know we need it in order to keep our money safe. It is a good time to reflect on some token-related problems and try to come up with a solution. We will address those problems both from the production and usage sides, which,...
/images/news/77041.jpg
Solving the access rights management issue in a global context

26th February 2018

In the global village, access to a company’s internal resources, and the authorisation management that follows, becomes problematic when the resources must be available to suppliers and subcontractors, often operating from across the world. One can cope with that – but not without a tool. Imagine a telecoms operator with an...
/images/news/67986.png
Chasing the Cloud

6th January 2016

Cloud computing brings promises many banks are still reluctant to believe, but an educated leap of faith into the new data access model might just be a prerequisite for their survival. It's every machine for itself: the 3-million swarm of the world's ATMs has no data centre to connect to and get commands from. Lingering in isolation,...
/images/news/62970.jpg
Telecoms and banks – married for better or worse?

10th October 2014

Mobile revolution and evolution of business models pushed a growing number of telecom operators to sign agreements with banks to create integrated services for mobile users. It is possible that in the near future telecoms will become individual banks or even completely replace banks in the long term. Strategic alliances between telecoms and...