Aqubix’s KYC Portal has revealed an unnamed offshore bank has deployed its KYC and due diligence solution to automate 60 per cent of its retail onboarding processes.
Outdated understandings of money laundering risk and legacy screening tools are leaving FIs vulnerable
Companies need to rapidly evolve their understanding of money laundering risk to more effectively manage their vulnerabilities according to Stephen Platt, Chairman and CEO at KYC Global Technologies.
The increasing scrutiny that regulators are placing on BCBS 239 compliance is causing challenges for financial institutions, but with more pressing and threatening regulations, it may play second fiddle for attention, according to Randeep Singh Buttar, Head of Data Change and Strategy (Global Risk and Finance) at HSBC.
Brexit and GDPR are often met with equal voices of tedium, but Compliance Compendium chief business development officer Gareth Gadd shares some optimism for SMEs.
Aqubix’s KYC Portal has been chosen by an unnamed international bank to ease the ongoing relationship processes with corporate structures.
To enhance combat against new risks like cyberattacks, insurance firms need to increase the amount of data they are tapping into, according to Adam Mitchell, Head of Risk Innovation at Chaucer.
Compliance Compendium chief business development officer Gareth Gadd explores how cloud operations need to change for GDPR.
The insurance industry is rather focused on developing products and serving clients than further developing its compliance framework, according to Priscilla Cournède, head of group prudential and regulatory developments at SCOR.
‘Data exchange is fundamentally a value exchange’ and proving this to customers will help to enhance the insurance industry, according to Milan Sud, head of Innovation at AXA Partners UK.
With blockchain’s ability to decentralise the access to data and networks and GDPR’s tight grips on data, Compliance Compendium chief business development officer Gareth Gadd looks to see if they could work together.