The final day of iFX EXPO International has arrived, but the event is far from over. The day is packed with panel discussions and interviews, covering a range of topics from online trading and liquidity to payments and prop trading.
iFX officially kicked off on Tuesday evening with the iconic Welcome Party, followed by a full day of activities on the expo floor yesterday (Wednesday). As always, the venue today (Thursday) is buzzing with attendees from across the industry.
“Automation Will Benefit Very Highly from AI”
“Automation, from the onboarding perspective, will benefit very highly from machine learning—because then it’s able to project things that may be missed from the beginning,” said Anthony Migui Njagi, Head of Strategic Alliance & Growth at Virtual Pay, on addressing a question on the future of AI in automated onboarding.
“And once you include and inculcate the capabilities of the technologies you’ve built around your exact onboarding process, then it becomes a benefit.
Another benefit is that it allows us to sleep more—because we are covered from a global perspective.”
As regulatory scrutiny intensifies, Payment Service Providers (PSPs) are under pressure to balance innovation with compliance. Global regulatory fines against financial institutions for non-compliance reached over $6 billion in 2023, with a growing share tied to weak Know Your Customer (KYC) and Anti-Money Laundering (AML) practices.
In this climate, automated onboarding and AI-driven KYC processes have emerged as essential tools. According to a 2024 Juniper Research report, AI-based onboarding solutions could reduce onboarding time by 60% and cut fraud losses by over $10 billion globally by 2028. Meanwhile, the adoption of RegTech solutions by PSPs is expected to grow at a CAGR of 19.8% over the next four years.
Njagi was a part of the panel discussing on “Can Payments Keep Up with Regulation?” He was joined by Abiola Giwa, Sales & Partnerships Lead, Forex Business Korapay; Tim Ferland, CEO at LetKnow Pay; and Maggie Gemmill, Business Development- Wealth and FX at Visa Direct.
Highlights from iFX
Finance Magnates interviews are ongoing. Would you like to speak with us as well?
Jason Keogh, Sales Director of Digital Assets at Fusion Capital, talking to Finance Magnates
The floors are packed with attendees. From C-level executives to traders, the event brings everyone together under one roof.
Halls at iFX EXPO International are crowed with attendees
Massive Giveaway at iFX
Would you like a free, one-year subscription to the Finance Magnates Quarterly Intelligence Report? Now’s your chance.
All you need to do is:
Scan the QR code
Complete the short challenge
If you answer all the questions correctly, you’ll be entered into a draw to win 1 of 10 Annual QIR subscriptions
Finance Magnates giveaway
Are you at iFX EXPO International? Visit the Finance Magnates team at booth number 155.
The final day of iFX EXPO International has arrived, but the event is far from over. The day is packed with panel discussions and interviews, covering a range of topics from online trading and liquidity to payments and prop trading.
iFX officially kicked off on Tuesday evening with the iconic Welcome Party, followed by a full day of activities on the expo floor yesterday (Wednesday). As always, the venue today (Thursday) is buzzing with attendees from across the industry.
“Automation Will Benefit Very Highly from AI”
“Automation, from the onboarding perspective, will benefit very highly from machine learning—because then it’s able to project things that may be missed from the beginning,” said Anthony Migui Njagi, Head of Strategic Alliance & Growth at Virtual Pay, on addressing a question on the future of AI in automated onboarding.
“And once you include and inculcate the capabilities of the technologies you’ve built around your exact onboarding process, then it becomes a benefit.
Another benefit is that it allows us to sleep more—because we are covered from a global perspective.”
As regulatory scrutiny intensifies, Payment Service Providers (PSPs) are under pressure to balance innovation with compliance. Global regulatory fines against financial institutions for non-compliance reached over $6 billion in 2023, with a growing share tied to weak Know Your Customer (KYC) and Anti-Money Laundering (AML) practices.
In this climate, automated onboarding and AI-driven KYC processes have emerged as essential tools. According to a 2024 Juniper Research report, AI-based onboarding solutions could reduce onboarding time by 60% and cut fraud losses by over $10 billion globally by 2028. Meanwhile, the adoption of RegTech solutions by PSPs is expected to grow at a CAGR of 19.8% over the next four years.
Njagi was a part of the panel discussing on “Can Payments Keep Up with Regulation?” He was joined by Abiola Giwa, Sales & Partnerships Lead, Forex Business Korapay; Tim Ferland, CEO at LetKnow Pay; and Maggie Gemmill, Business Development- Wealth and FX at Visa Direct.
Highlights from iFX
Finance Magnates interviews are ongoing. Would you like to speak with us as well?
Jason Keogh, Sales Director of Digital Assets at Fusion Capital, talking to Finance Magnates
The floors are packed with attendees. From C-level executives to traders, the event brings everyone together under one roof.
Halls at iFX EXPO International are crowed with attendees
Massive Giveaway at iFX
Would you like a free, one-year subscription to the Finance Magnates Quarterly Intelligence Report? Now’s your chance.
All you need to do is:
Scan the QR code
Complete the short challenge
If you answer all the questions correctly, you’ll be entered into a draw to win 1 of 10 Annual QIR subscriptions
Finance Magnates giveaway
Are you at iFX EXPO International? Visit the Finance Magnates team at booth number 155.
