Tag: KYC

In today's evolving global financial landscape, the security and integrity of financial transactions are of utmost importance. At the heart of this security lie...

In a recent post by Encompass, it provided an outline of why the cost of inefficient KYC practices can be higher than expected. 

MSB have emerged as a crucial part of the financial ecosystem, bridging a gap that once only traditional banks would fill.

In a recent post by Moody's Analytics, the firm asked three key questions about driving efficiency with AI-powered screening.

The ongoing AI revolution is indisputably transforming risk management and customer identification processes (KYC), even though human input remains pivotal to these functions.

Moody's Analytics recently took the opportunity to explain how screening for politically exposed persons can strengthen KYC processes. 

RegTech firm Arctic Intelligence recently took the opportunity to provide a guide into assessing the impact of ML and TF on your firm. 

Adverse media screening has become an integral component in the finance industry, especially in relation to Anti-Money Laundering (AML) compliance. RegTech company Alessa recently...

In an era of growing operational costs, it has become a pressing necessity for banks to embrace efficient Know Your Customer (KYC) practices. The global spend on regulatory technology (RegTech) is predicted to ascend to $207bn by 2028, a forecast that urges banks to channel their investment into automating their manual KYC processes.

There's a revolution happening in the world of technology, and it's making waves in our society. AI Large Language Models (LLM), such as ChatGPT, have dramatically changed our interaction with technology, sparking both intense excitement and lingering fears of an AI uprising.