Latest opinions that Hugo Chamberlain has shared on Finextra

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Hugo Chamberlain

Chief Commercial Officer

smartKYC

Member since

03 Aug 2020

Location

London

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Hugo's opinions

The Perils and Promise of Using Generative AI for KYC Screening

As the COO of smartKYC, I've been at the forefront of innovation in due diligence and Know Your Customer (KYC) screening processes for many years. The rapid advancement of artificial intelligence, particularly generative AI (GenAI) and Large Language Models (LLMs), such as ChatGPT, has opened up exciting new possibilities for enhancing KYC screen

12 September 2024 /ai /crime Artificial Intelligence and Financial Services

The Evolution of KYC Screening into Integrity Screening: Beyond Financial Risks

Know Your Customer (KYC) processes have traditionally been the backbone of financial institutions’ efforts to prevent money laundering, terrorist financing, and other financial crimes. Historically, KYC screening focused primarily on identifying red flags such as suspicious transactions and connections to criminal activities. However, in recent ...

27 June 2024

The Evolution of KYC to KYX: Understanding Your Counterparties

In the realm of financial services and beyond, ‘Know Your Customer’ (KYC) has long been a foundational principle. Initially implemented as a means of combating money laundering, terrorist financing, and fraud, KYC procedures have ‌traditionally centred around verifying the identity of individual customers. But, as the business landscape has grown ...

24 January 2024 /regulation /crime RegTech