In the highly regulated lending industry, compliance with Know Your Business (KYB) requirements is both a legal necessity and a strategic imperative. For senior compliance professionals in regulated lending firms, the challenge lies in balancing stringent regulatory requirements with an … Read More
KYB
How to unravel complex corporate structures and unveil the truth behind international entities
In the highly regulated UK lending industry, the ability to understand and unravel complex corporate structures is crucial. Compliance teams are often tasked with the monumental job of ensuring that they fully understand the ownership and control structure of their … Read More
How single-solution KYB can simplify compliance and enhance efficiency in payments firms
As money laundering and fraud threats continue to evolve, regulated payments firms in the UK face growing pressure to enhance their compliance frameworks. This is particularly pertinent for risk and compliance leaders who are at the frontline of ensuring their … Read More
How to navigate KYB challenges in payments firms from the C-Suite
Navigating the complexities of Know Your Business (KYB) regulations is one of the most critical tasks for C-suite executives in regulated payments firms. As the regulatory landscape evolves, executives must stay ahead of compliance requirements while fostering a business environment … Read More
How to reduce KYB customer friction in lending and accelerate loan approval
Know Your Business (KYB) processes are crucial for lending firms, particularly in a heavily regulated market like the UK. Ensuring that businesses seeking loans are legitimate and financially sound is not only a regulatory requirement but also a fundamental step … Read More
Boosting application volume with KYB technology for lending firms
Implementing KYB (Know Your Business) technology can have a significant impact on the application volume of lending firms. By leveraging KYB technology, lenders can streamline their onboarding process and make it more efficient, resulting in a higher number of applications. … Read More
6 ways to continuously improve your KYB compliance processes
Maintaining a comprehensive Know Your Business (KYB) process is essential to ensuring ongoing compliance and mitigating any undue risk associated with financial crime, such as money laundering and terrorist financing from impacting your legal firm. Being proactive in your firm’s … Read More
How to mitigate KYB risks in your legal firm: practical strategies for compliance teams
In today’s legal landscape, compliance with Know Your Business (KYB) regulations is not just a statutory requirement but a strategic imperative. KYB measures are crucial in ensuring that legal firms engage only with legitimate entities, thus preventing fraud, money laundering, … Read More
How to streamline KYB onboarding and ongoing risk assessment in lending firms
In the highly regulated UK lending market, effective Know Your Business (KYB) procedures are crucial for mitigating risk and ensuring compliance. However, lending firms often face significant challenges in KYB onboarding, which can complicate and delay the loan approval process. … Read More
How KYB compliance can give your firm a competitive edge
To some, Know Your Business (or KYB) compliance is viewed as a burden, a regulatory necessity, and a box to tick. However, when approached in the right way, KYB compliance can be transformed from a perceived obstacle into a powerful … Read More