Tag: perpetual kyc

In the ongoing global efforts against money laundering, the task of comprehending customer identities has proven to be a crucial element in Know Your...

The FinTech landscape is increasingly gravitating towards perpetual know your customer (KYC) protocols. As part of this evolution, the operational pillars are rapidly transforming. Graham Bailey, COO of Quantifind, and Brian Kindle, VP of product development at ACFCS, shed light on this shifting terrain in a new podcast on the foundational elements of perpetual KYC.

The traditional Know Your Customer (KYC) approach harbours certain limitations. Customers escalating to high risk can potentially fly under the radar, risking a bank's reputation and burdening its resources and internal controls.

As businesses deepen their digital capabilities, an orchestration tool becomes vital. When leveraging various tools, systems and datasets, firms need a single location that brings all this together, rather than forcing users to juggle everything.

The majority of organisations see the digital sophistication of their KYC approach as mediocre or poor, according to new research from Moody’s Analytics.

Sigma Ratings, a developer of automated relationship risk management, has released its ongoing KYB and KYC monitoring solution.

Fenergo, which offers KYC and client lifecycle management solutions, has released a new perpetual KYC solution to streamline periodic review processes.

Know your customer (KYC) processes have been the lifeblood for compliance teams fighting fraud. However, are they still enough? Kristoff Zammit Ciantar - founder and CEO of KYC Portal, believes its days could be numbered.

ComplyAdvantage has released ComplyTry, a new tool that lets anyone verify prospective customers by leveraging live sanctions, politically exposed people (PEPs) and adverse media data.