Effective ‘continuous KYC monitoring’ is essential for Compliance Officers if they want to stay ahead of the criminals and satisfy the regulators. During 2020 many firms expedited the digital transformation of the front end of compliance, at the point of onboarding, due to the global pandemic and the need to meet the demand for digital interactions. These investments should now be used across the entire customer lifecycle to avoid exposing their business to increasing levels of risk. In this blog we explore the importance of ongoing monitoring in 2021. … Read More
Digital Transformation
Remote Identity Verification
The challenge for regulated firms is to provide remote and seamlessly onboarding experiences for their clients, without compromising their security and compliance obligations. Does there need to be a trade-off between delivering compliance with speed and convenience? In this article we summaries a discussion between Adrian Black, NorthRow’s CEO, and Andrew Bud (CBE), iProov’s CEO, as they delve into this topic. … Read More
Client lifecycle KYC management: Taking a holistic approach
Client lifecycle KYC management streamlines onboarding, verification, monitoring, and remediation processes, ensuring compliance, efficiency, and enhanced due diligence, while automating tasks to improve accuracy and reduce operational costs. … Read More
Digital Transformation Meets Regulatory Compliance
Business leaders often see digital transformation as a way to drive growth and streamline operations, whilst strengthening customer relationships. Sales and operational functions are often the first to see digital investment with compliance usually being the last. … Read More