21 May 2021
Over the past two years there's been a rapidly growing shift in the financial services industry towards creating a continuous KYC approach, moving away from traditional periodic reviews. With regulators increasing pressure on financial institutions to enhance their KYC refresh efforts, the benefits of adopting a continuous KYC model are clear. Fin...
16 Feb 2021
Anyone working in a compliance role in financial services will appreciate the critical part that software plays in effective onboarding, due diligence and anti-money laundering investigations. As banks strive towards decreasing customer onboarding times, achieving perpetual KYC and enabling more efficient AML checks, they are realizing the potenti...
08 Jan 2021
The onboarding process for opening corporate accounts at banks is littered with friction points. But it’s not just the customers who are suffering, it’s also the banks themselves. It is evident just how difficult the onboarding process is for banks: 90-120 days to onboard corporate banking customers (Oliver Wyman) 307 employees to work on KYC adhe...