ComplyAdvantage’s reliable customer support and transparent whitelisting capabilities and controls allowed Azimo to better manage their client risk through alert and false positive reduction.
Launching AI-driven Fraud Detection
4Stop reduced false positives and improved results and usability
The flexibility in the tool’s parameters allowed ROBOCASH’s compliance team to configure their screening and monitoring approach to reduce false positives and make quicker decisions on clients.
Volopa can now onboard a large number of customers in seconds, compared to a previous average of 1½ to 2 hours per customer.
In most global jurisdictions, the Know Your Customer (KYC) process is a foundational component of AML/CFT regulations. KYC requires banks and other financial services providers to establish and verify the identities of their customers in order to assess the money […]
The speed and ease of integration allowed Finiata to start managing their risks more quickly and efficiently.
Customer Screening: Maximizing Effectiveness and Efficiency A Balancing Act If companies aren’t strategic in their approach to customer screening and monitoring, they risk being overwhelmed with alerts. Those companies face high operational costs, a nearly-impossible-to-clear backlog of alerts, longer remediation […]
A Guide to KYC Solution Providers Celent 2020 – Analyst Report Know Your Customer (KYC) compliance is attracting increasing scrutiny from regulators, making it one of the most complex and fast-growing fields in the AML compliance value chain. This report […]
Remote working presents unique problems for due diligence in general and client onboarding in particular. Firms will need to address and codify new guidelines so as to ensure consistency and effectiveness of any temporary internal know your customer (KYC) processes. […]
In order to understand the money laundering risks that they face, banks and financial institutions, and obligated financial service providers must verify the identities of their customers, and the nature of the business in which they are involved. The process […]
When people talk about conducting KYC checks, they’re probably referring to the process that takes place at onboarding, i.e. identifying your customer and verifying that identity. But the problem for most businesses, is that a quick identity check isn’t going […]
Guide To KYC Checks (Know Your Customer Checks) When people talk about conducting KYC checks, they commonly mean the process that takes place at onboarding, i.e. identifying your customer and verifying that identity. For a best in class KYC programme, […]