Tag: perpetual kyc

In today's business landscape, marked by extensive regulatory demands and significant operational hazards, establishing strong GRC (Governance, Risk Management, and Compliance) frameworks is crucial for maintaining organisational integrity and achieving success.

In an age where the regulatory landscape is as unpredictable as ever, and the integrity of businesses hangs by a thread, companies are increasingly...

In the latest episode of the Fenergo FinTalks podcast, host Dhanum Nursigadoo engages in a thought-provoking conversation with Rory Doyle, Fenergo’s Head of Financial...

In the ongoing global efforts against money laundering, the task of comprehending customer identities has proven to be a crucial element in Know Your Customer (KYC) compliance for financial establishments over the years. However, the perpetual shift in regulations has augmented the expense and intricacy involved in acquiring and maintaining clients.

The FinTech landscape is increasingly gravitating towards perpetual know your customer (KYC) protocols. As part of this evolution, the operational pillars are rapidly transforming. Graham Bailey, COO of Quantifind, and Brian Kindle, VP of product development at ACFCS, shed light on this shifting terrain in a new podcast on the foundational elements of perpetual KYC.

The traditional Know Your Customer (KYC) approach harbours certain limitations. Customers escalating to high risk can potentially fly under the radar, risking a bank's reputation and burdening its resources and internal controls.

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.

The majority of organisations see the digital sophistication of their KYC approach as mediocre or poor, according to new research from Moody’s Analytics.

Sigma Ratings, a developer of automated relationship risk management, has released its ongoing KYB and KYC monitoring solution.

Fenergo, which offers KYC and client lifecycle management solutions, has released a new perpetual KYC solution to streamline periodic review processes.