Tag: pKYC

pKYC, or proactive Know Your Customer, is an innovative approach that initiates real-time reviews as changes in a client's KYC profile are detected.

In today’s rapidly changing regulatory environment, financial institutions are under increasing pressure to manage risks effectively.

In the dynamic landscape of anti-money laundering (AML) efforts, financial institutions are facing intensified scrutiny to stay a step ahead of increasingly sophisticated criminal tactics and rigorous regulatory demands.

The relentless advancement of artificial intelligence (AI) in banking is a game-changer in the ongoing war against financial crime. Financial institutions of every size...

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...

Know Your Customer practices in the financial sector have been long-held, with the need to ensure customer compliance a vital pillar of customer processes. In the fast-paced digital age, what with be the role for digital and perpetual KYC?

In September 2023, the Financial Conduct Authority (FCA) provided fresh guidance about how to treat Politically Exposed Persons (PEPs). In response to this, businesses under regulation might find it beneficial to revisit their existing PEPs screening systems. This not only ensures alignment with the new directive but also makes certain that the screening process remains both effective and efficient.

KYC practices have been long used in the financial sector. with fraud and financial crime more prevalent than ever, is pKYC the next step?

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

Encompass has released a whitepaper that details how banks can accelerate digital transformation by moving towards pKYC