Anti-money laundering (AML) and know your customer (KYC) challenges for financial institutions continue to evolve at pace. Know Your Business processes are becoming a must for financial institutions Banks and financial institutions are working hard to take control of their KYC processes and frameworks. This is especially true as touchpoints with their clients grew exponentially in a digital world. Stringent controls from regulators arise with the increasing amount of data which flows into the banking industry. The EU’s fourth and fifth AML directives (4AMLD and 5AMLD), as well as the US Customer Due Diligence (CDD) law are placing a spotlight…
Report: Digital KYB – a springboard to customer onboarding success
Report: Digital KYB – a springboard to customer onboarding success
