Overall, the current Know Your Customer (KYC) processes are inefficient and time-consuming. The technology used is dated and designed to be used in a silo. This makes it difficult to maintain and upgrade. The KYC system often lacks integration with other internal systems, external services providers, social media, and other open-source data sources. The transaction monitoring system is likely to be totally detached from the KYC. The lack of real-time communication between the transaction monitoring and the KYC processes results in a time lag on customer updates and thus increases risk.

During this webinar, we will be discussing:

• What are some of today’s KYC challenges;

• How new technologies can be leveraged to increase efficiencies, effectiveness, and reduce overall KYC costs.

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It will be hosted by Ed De Azevedo & Jonathan Almeida. Together, they have expertise in risk assessment, AML, KYC, compliance, and project management.