Blockchain in Banking and Financial Services

The Role of Blockchain and DLT in e-KYC Utilities

01 Apr 2020

In this nascent market, organizations are exploring the speed and accuracy of DLT and the enhanced security of Blockchain. In this blog, I take a look at the DLT and blockchain technologies that can make decentralization and sharing of quality data a reality for e-KYC utilities. When we explore the bank-driven approach to KYC customer record shari...

6 Reasons to Connect to e-KYC Utilities

19 Mar 2020

Over the last three blogs in this series, we’ve analyzed the need for e-KYC utilities to solve the current KYC challenge. We’ve examined the need to learn from previous KYC utility attempts and explored the role of distributed ledger and blockchain technologies to achieve a coveted decentralized approach to KYC utilities. In this final blog, we lo...

Financial Transformation

KYC Utilities: The Second Coming, Learning from Past Failures

11 Feb 2020

In the previous blog, I examined the current compliance challenge and how e-KYC utilities can solve the age-old challenges of collection, validation and processing of customer data and documentation. In this blog, I look at the KYC utility models of the past and the three key learnings we can take from these experiments for the second coming of e-...

Banking Strategy, Digital and Transformation

Can e-KYC Utilities Solve the Compliance Challenge?

31 Jan 2020

The global financial services sector continues to be rocked by a series of regulatory fines and money-laundering scandals, totaling more than US$36 billion in fines over the past decade. In the first of a new series, I explore the key KYC challenges facing financial institutions across the world and the increasing adoption of digital KYC and e-KYC ...