Tag: pKYC

For several years, perpetual KYC (pKYC) has been pitched as the next evolution of traditional KYC methods, but firms still have misconceptions around what it really means.

As alert volumes climb, many AML teams can show they are working hard, but struggle to prove they are working on the right things...

Banks don’t struggle with KYC because they cannot access data; the bigger failure is that customer risk stops evolving once the onboarding file is...

In the world of AML and financial crime prevention, adverse media screening remains one of the most time-consuming yet crucial compliance functions. According to Workfusion,...

As financial institutions (FIs) see an influx of new customers, they are confronted with the dual challenge of growing their operations while maintaining strict...

Diversity in the financial ecosystem is no longer a trend—it’s the norm. Gone are the days when personal finance required visiting a physical bank...

Alviere, a leading provider of embedded finance and Banking-as-a-Service (BaaS) solutions, has strengthened its anti-money laundering (AML) and screening capabilities by partnering with RegTech...

AI is rapidly reshaping how financial institutions approach financial crime compliance, with intelligent automation delivering faster, more accurate results. According to WorkFusion, it has emerged...

In 2025, Know Your Customer (KYC) solutions will become essential for financial institutions looking to enhance their anti-money laundering (AML) frameworks. With increasing regulatory scrutiny, sophisticated financial crimes, and growing customer expectations for seamless onboarding, the sector is witnessing a shift towards decentralised identity (DCI) and perpetual KYC (pKYC). T

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.