HTB is working to stay ahead of the rapidly evolving financial crime landscape, and the growing sophistication of fraudsters. To support this work it was looking for a transaction monitoring and screening solution that would meet the needs of its growing customer base while safeguarding the bank’s reputation.
Launching AI-driven Fraud Detection
Santander UK has successfully cut the customer onboarding cycle time from 12 days mean cycle time to 2 days.
ComplyAdvantage’s intuitive user-interface allowed Monneo’s compliance team to quickly optimize their processes and reduce time spent conducting manual reviews.
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.
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. […]