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</style>{"id":3100,"date":"2023-04-19T08:46:03","date_gmt":"2023-04-19T08:46:03","guid":{"rendered":"https:\/\/profinch.com\/demo\/?p=3100"},"modified":"2023-07-31T12:34:24","modified_gmt":"2023-07-31T12:34:24","slug":"the-changing-face-of-money-laundering-in-asia-pacific","status":"publish","type":"post","link":"https:\/\/profinch.com\/demo\/the-changing-face-of-money-laundering-in-asia-pacific\/","title":{"rendered":"The Changing Face of Money Laundering in Asia-Pacific"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3100\" class=\"elementor elementor-3100\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7378e47 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7378e47\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c5c8c97\" data-id=\"c5c8c97\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-ea47fcb elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"ea47fcb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-9bd4896\" data-id=\"9bd4896\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7cc7b21 elementor-widget elementor-widget-heading\" data-id=\"7cc7b21\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.15.0 - 31-07-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Open Banking - Collaboration Is The Key<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4ca7d0e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4ca7d0e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9284d6d\" data-id=\"9284d6d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8277aab elementor-widget elementor-widget-shortcode\" data-id=\"8277aab\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\">\t\t\t<!-- Flexy Breadcrumb -->\r\n\t\t\t<div class=\"fbc fbc-page\">\r\n\r\n\t\t\t\t<!-- Breadcrumb wrapper -->\r\n\t\t\t\t<div class=\"fbc-wrap\">\r\n\r\n\t\t\t\t\t<!-- Ordered list-->\r\n\t\t\t\t\t<ol class=\"fbc-items\" itemscope itemtype=\"https:\/\/schema.org\/BreadcrumbList\">\r\n\t\t\t\t\t\t            <li itemprop=\"itemListElement\" itemscope itemtype=\"https:\/\/schema.org\/ListItem\">\r\n                <span itemprop=\"name\">\r\n                    <!-- Home Link -->\r\n                    <a itemprop=\"item\" href=\"https:\/\/profinch.com\/demo\">\r\n                    \r\n                                                    <i class=\"fa fa-home\" aria-hidden=\"true\"><\/i>Home                    <\/a>\r\n                <\/span>\r\n                <meta itemprop=\"position\" content=\"1\" \/><!-- Meta Position-->\r\n             <\/li><li><span class=\"fbc-separator\">><\/span><\/li><li class=\"active\" itemprop=\"itemListElement\" itemscope itemtype=\"https:\/\/schema.org\/ListItem\"><span itemprop=\"name\" title=\"The Changing Face of Money Laundering in Asia-Pacific\">The Changing Face of...<\/span><meta itemprop=\"position\" content=\"2\" \/><\/li>\t\t\t\t\t<\/ol>\r\n\t\t\t\t\t<div class=\"clearfix\"><\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fc502b0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fc502b0\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f24d2ca\" data-id=\"f24d2ca\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1712383 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"1712383\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-e3f0f80\" data-id=\"e3f0f80\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-dc935e5 elementor-widget elementor-widget-text-editor\" data-id=\"dc935e5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.15.0 - 31-07-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<div>Earlier in the Banking industry, customer data and transactions information was available only to the respective banks. With the advent of digitization, Open Banking, and the presence of IoT and machine learning, customer and their transactional information are available for viewing by multiple stakeholders in the banking ecosystem. Thanks to the new open banking initiative, Banks are mandated to share\/open customer data to organized institutions, bringing in innovative products and services at a competitive price.<\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5352ded elementor-widget elementor-widget-text-editor\" data-id=\"5352ded\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div>Open Banking has changed the long old banking operation where Banks design various products, services and associate prices and control the users\u2019 data flow. Thereby they have control over the customers to a large extent. This way, Banks were pushing the same offer to all the bank customers, regardless of customer requirements. But beyond Banks, there are 3rd party Fin-tech\u2019s\/other vendors who might offer disruptive and revolutionary products\/services, which might take customers and their servicing into a different orbit. These vendors may be very small in size and have limited offerings but can quickly disrupt the market by offering innovative and competitive products and acquiring a good market share.<\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d84fc0a elementor-widget elementor-widget-text-editor\" data-id=\"d84fc0a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div>So the whole idea is to benefit the customer with innovative and competitive products.\nFor example, the Loan Products currently available in the market have been very generic for a long time, and they don\u2019t offer any personalization and customization. The start-ups that get customer loan data, subject to approval from the customer, might offer an altogether different and innovative loan product with a flexible repayment option. This is a good example of tapping the customer out of the Bank network.<\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f65030f elementor-widget elementor-widget-text-editor\" data-id=\"f65030f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div>The only way to reach the global customer has brought the concept of Open API. As per industry growth in the next five years, Open API will bring at least 20-20% profit to the banking business.<\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1d12146 elementor-widget elementor-widget-text-editor\" data-id=\"1d12146\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div>Open Banking has been in the industry for the last couple of years, but it has garnered the limelight as the significant disruption in the digital banking era in the last few years. It is helping the 3rd party vendors\/fin techs, but it also creates a business case for the Banks. In simple words, Open API allows the bank to create value for its customer and the rest of the prospects with the help of other vendors.<\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-77a0053 elementor-widget elementor-widget-text-editor\" data-id=\"77a0053\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div>The core requirement for establishing an Open API strategy is to have an architecture designed to accommodate integration by creating a middle layer. Open Banking is driven by technology integration. The technology will be at the centre stage to have a successful Open Banking strategy, <strong>which are:<\/strong><\/div><div>\u00a0<\/div><ul><li>Have sandbox to partner with 3rd party ecosystem vendors<\/li><li>Create a compliance Layer- This is of high priority as the involvement of multiple players across different geography.<\/li><li>Centralized API layer<\/li><li>Data Sharing of customer\u2019s\/ consent management \u2013 A customer should be able to see, choose and share consent. Customers should have access to the list of vendors\u2019 consent shared and can choose when to withdraw.<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d17d057 elementor-widget elementor-widget-text-editor\" data-id=\"d17d057\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div>Banks are facing multiple issues to have a strategy in place for Open API. This is persistent in the market because of reasons like lack of strategy for having an API layer and internal stakeholders do not have use cases or clarity of the roadmap. The ideal strategy for establishing an Open API ecosystem can be as mentioned below:<\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-59bfc3f elementor-widget elementor-widget-text-editor\" data-id=\"59bfc3f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li>Start Simple and start building new use cases and implementing the use cases to see the action and reaction in the sandbox environment. Open APIs help reduce operational efforts, so identifying the actionable area one by one will be the key. E.g., One case is ride-sharing applications use banks\/cards to realize the payments.<\/li><li>Be transparent- Establish trust and transparency with the vendors and customers. This will build a strong relationship within the ecosystem, which will help create innovative products and personalize the offer to the customer. The vendors will be the front face, which will help generate a new revenue stream. The sales and revenue generation will be through the vendors.<\/li><li>Build strong partnerships \u2013 Look at the bigger picture and invest in long term partnerships as monetization opportunity is available for both direct and indirect servicing to the customers. Customers can be onboarded by finding a logical partner that will help onboard customers to the bank service network or vice versa. E.g., Unified Payment Interface(UPI) is a unique way to transfer money between two parties and pay bills from a bank account. These UPI services are more prevalent in third-party vendors\u2019 networks like Google pay, Phonepe and Paytm than the bank\u2019s platform.<\/li><li>Explore new customers and reach the underserved customers with a low credit score. Bank does not have the bandwidth to reach all customers, but they can onboard the underserved category by partnering with 3rd party vendors. E.g., Third-party lending apps partner with banks to provide loans to the underserved consumer category.<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c5c0b49 elementor-widget elementor-widget-text-editor\" data-id=\"c5c0b49\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div>Banks have adopted Open banking globally and for all fair reasons. Profinch can help you understand how your bank\/client can incorporate this into their system.<\/div>\n<div>Please contact us for more details at: <em><strong><a style=\"color: #0A74BA;\" href=\"https:\/\/profinch-com.preview-domain.com\/get-in-touch\/contact-us\/\">https:\/\/profinch-com.preview-domain.com\/get-in-touch\/contact-us\/<\/a><\/strong><\/em><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-627f53f elementor-widget elementor-widget-text-editor\" data-id=\"627f53f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"text-decoration: underline;\"><strong>Author : Amlan Naik, Manager \u2013 Presales, Profinch Solutions<\/strong><\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-99d6ea7\" data-id=\"99d6ea7\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-082431e elementor-widget elementor-widget-sidebar\" data-id=\"082431e\" data-element_type=\"widget\" data-widget_type=\"sidebar.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<section id=\"block-5\" class=\"widget widget_block\">\n<h2 class=\"wp-block-heading has-large-font-size\" style=\"font-style:normal;font-weight:700\">Recent Blogs<\/h2>\n<\/section><section id=\"block-11\" class=\"widget widget_block\">\n<div style=\"height:19px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/section><section id=\"block-6\" class=\"widget widget_block widget_recent_entries\"><ul style=\"font-size:0px\" class=\"wp-block-latest-posts__list has-dates is-style-default wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/profinch.com\/demo\/leading-bank-in-kuwait-partners-with-profinch-for-enhanced-customer-experience\/\">Leading Bank in Kuwait Partners with Profinch for enhanced Customer Experience<\/a><time datetime=\"2023-06-23T07:36:22+00:00\" class=\"wp-block-latest-posts__post-date\">June 23, 2023<\/time><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/profinch.com\/demo\/open-banking-collaboration-is-the-key\/\">Open Banking \u2013 Collaboration Is The Key<\/a><time datetime=\"2023-04-19T08:57:04+00:00\" class=\"wp-block-latest-posts__post-date\">April 19, 2023<\/time><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/profinch.com\/demo\/lending-leasing-asset-financing-in-a-post-covid-19-world\/\">Lending, Leasing &amp; Asset Financing in a post COVID-19 World<\/a><time datetime=\"2023-04-19T08:55:39+00:00\" class=\"wp-block-latest-posts__post-date\">April 19, 2023<\/time><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/profinch.com\/demo\/the-future-of-branches-in-banking\/\">The Future of Branches in Banking<\/a><time datetime=\"2023-04-19T08:54:22+00:00\" class=\"wp-block-latest-posts__post-date\">April 19, 2023<\/time><\/li>\n<\/ul><\/section><section id=\"block-9\" class=\"widget widget_block\">\n<div style=\"height:38px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/section><section id=\"block-7\" class=\"widget widget_block\">\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<\/section><section id=\"block-10\" class=\"widget widget_block\">\n<div style=\"height:38px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/section><section id=\"block-8\" class=\"widget widget_block\">\n<h2 class=\"wp-block-heading has-large-font-size\" style=\"font-style:normal;font-weight:700\">Categories<\/h2>\n<\/section><section id=\"block-12\" class=\"widget widget_block\">\n<div style=\"height:19px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/section><section id=\"block-4\" class=\"widget widget_block widget_categories\"><ul class=\"wp-block-categories-list wp-block-categories-taxonomy-category wp-block-categories\">\t<li class=\"cat-item cat-item-18\"><a href=\"https:\/\/profinch.com\/demo\/category\/aml\/\">AML<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-22\"><a href=\"https:\/\/profinch.com\/demo\/category\/banking-analytics-and-regulatory-compliance\/\">Banking Analytics and Regulatory Compliance<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-23\"><a href=\"https:\/\/profinch.com\/demo\/category\/core-banking\/\">Core Banking<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-17\"><a href=\"https:\/\/profinch.com\/demo\/category\/data\/\">Data<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-25\"><a href=\"https:\/\/profinch.com\/demo\/category\/digital-banking\/\">Digital Banking<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-26\"><a href=\"https:\/\/profinch.com\/demo\/category\/digital-transformation\/\">Digital Transformation<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-19\"><a href=\"https:\/\/profinch.com\/demo\/category\/digitization\/\">Digitization<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-27\"><a href=\"https:\/\/profinch.com\/demo\/category\/digitization2\/\">Digitization2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-20\"><a href=\"https:\/\/profinch.com\/demo\/category\/lending-and-leasing\/\">Lending and Leasing<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-21\"><a href=\"https:\/\/profinch.com\/demo\/category\/payments\/\">Payments<\/a>\n<\/li>\n<\/ul><\/section>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Open Banking &#8211; Collaboration Is The Key Earlier in the Banking industry, customer data and transactions information was available only to the respective banks. With the advent of digitization, Open Banking, and the presence of IoT and machine learning, customer and their transactional information are available for viewing by multiple stakeholders in the banking ecosystem.&hellip; <a class=\"more-link\" href=\"https:\/\/profinch.com\/demo\/the-changing-face-of-money-laundering-in-asia-pacific\/\">Continue reading <span class=\"screen-reader-text\">The Changing Face of Money Laundering in Asia-Pacific<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":3162,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[41],"class_list":["post-3100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aml","tag-aml","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Changing Face of Money Laundering in Asia-Pacific - Atumverse<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Changing Face of Money Laundering in Asia-Pacific - Atumverse\" \/>\n<meta property=\"og:description\" content=\"Open Banking &#8211; Collaboration Is The Key Earlier in the Banking industry, customer data and transactions information was available only to the respective banks. 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