Know Your Customer (KYC), is a crucial component of effective anti-money laundering (AML) processes. Financial institutions must be able to rapidly identify and understand the risks associated with customers in order to limit exposure. However, gathering and analysing KYC data is often a laborious, manual process.
In order to accelerate the processes banks need to implement automation and latest technologies including AI and ML. At the same time, they must be able to satisfy regulatory requirements that all risks are being caught in an effective and timely fashion.
This KYC Deep Dive will explore why effective and efficient KYC processes are essential to tackling financial crime, and how banks can better automate and accelerate KYC practices to mitigate risk.
|Book your Early Bird ticket||View the agenda|