Posts: KYC

KYC
Increasing Automation in the KYC Process

Banking

An effective Know-Your-Customer strategy involves finding the right balance of procedures, so innocent applicants don’t have to struggle through unnecessary paperwork and swamp banks with...

February 22, 2022
account-opening-process
8 Steps for Evaluating Banking Account Opening Products

Banking

Customer identification is the first and most crucial step in a bank's account opening process, essential in preventing financial crime and money laundering.  In addition, anti-money laundering...

December 3, 2021
KYC
Transforming KYC Obstacles into Opportunity

Banking

The Know Your Customer (KYC) workflow and client onboarding is critical for banks because it establishes the tone for future client experiences, relationships, and service levels, all of which have a...

October 8, 2021
KYC
Using Automation to De-Risk the Onboarding Process in KYC

Banking

Manual onboarding is a bank's highest-risk KYC process with the lowest rate of return. Automation can remove these hazards by taking on the responsibility of performing the grueling legwork.  In...

August 25, 2021
KYC
3 Trends Increasing the Need for KYC (Know Your Customer)

Banking

Do you truly know your customer? For banks, the process is more than being on a first-name basis. Impregnable Know Your Customer (KYC) checks are the foundation of a bank’s cybersecurity...

April 12, 2021
kyc-process-banking
Know Your Customer (KYC) Process Guide for Banking

Banking

Banking is a highly-regulated industry, and the government has been holding this sector to higher standards regarding "Know Your Customer" (KYC) laws. The impact is broad for customers, and the...

February 9, 2021
anti-money laundering
It’s Time to Re-Think Anti-Money Laundering

Finance

Anti-money laundering is one of the greatest threats to financial institutions today. In a world of instant gratification, consumers have put pressure on banks to deliver solutions that meet their...

November 13, 2019
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