Tag: Onboarding

In 2022, Fenergo's annual research survey of global investment banks highlighted a labor-intensive environment in Know Your Customer (KYC) processes. These processes were costing banks as much as $35m annually.

Post-deadline, the financial industry is grappling with the new standards set by the UK's latest regulatory mandate. The objective of this update is to bring more transparency and accountability to wealth management and insurance enterprises, fostering a more profound commitment to the consumer.

In an age where customers are using digital financial services in bigger numbers than ever, the need to have a vast range of technologies for this is becoming ever more important.

KYC Portal CLM has developed an approach that centres on the single customer view, streamlining the process of handling data.

As businesses deepen their digital capabilities, an orchestration tool becomes vital. When leveraging various tools, systems and datasets, firms need a single location that brings all this together, rather than forcing users to juggle everything.

In a recent whitepaper by RegTech firm iMeta, the company outlined the chief routes to success in capital markets onboarding. 

Zenoo has launched a specialist platform for white label customers which already include TransUnion, Experian, Refinitiv and others.

KYC Portal has helped clients reduce the time to onboard customers by 55%, whilst also helping reduce the risk exposure.

IDenfy, an ID verification, compliance and fraud prevention provider, has reportedly teamed up with (PPC) tracking software Dialics.

Keystone Talent Bank has teamed up with global identity verification provider ID-Pal to offer real-time digital right to work checks.