Case Study: Financial Services
Since the financial crisis of 2008, Anti-Money Laundering (AML) obligations require financial institutions to show that they are pro-actively managing Know your Customer (KYC) risk. This is most challenging with business customers.
With ever-changing global regulations, companies are finding it harder than ever to manage their obligations and stay compliant.
Quality data and automation are desired objectives but few solutions provide both in today’s market.
Our client, a leading financial services provider, faced issues with local regulators and required a change in their Know Your Customer process.
Discover how they have adopted real-time access to registry information to meet their obligations on ‘current and accurate’ data and monitored changes to customer circumstances on an ongoing basis.