Data quality during client onboarding can make or break an institution’s defences against financial crime. Inadequate data coverage – such as outdated or incomplete client information – can not only lead to regulatory breaches but also expose firms to significant financial crime risks, undermining both compliance efforts and reputation. … Read More
International Data
Overcoming the challenges of fragmented KYB
Fragmented KYB can hinder onboarding and AML compliance by creating data silos, increasing operational complexity, and limiting visibility. A unified KYB solution simplifies the process by integrating with existing systems, offering real-time verification, and providing a streamlined, cohesive approach to compliance and risk management. … Read More