Know Your Customer RSS
Remote KYC: A competitive advantage for mobile only banking
The required procedures for Know Your Customer (KYC) have finally broken free of branch-based face-to-face meetings, and now enable banks to use videoconferencing and biometrics to verify a customer’s identity remotely. This is a big deal; early implementation of new KYC processes can seriously enhance the mobile banking customer user experience, making services more attractive [...]
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Banks struggle with cross-jurisdictional regulatory compliance
Fenergo, a provider of Client Lifecycle Management solutions for institutional banks, has published key findings from new research commissioned from the Aite Group which suggests that financial institutions are struggling to manage regulatory compliance and entity data management obligations across multiple jurisdictions. The research finds that the Anti-Money Laundering Directive IV (AMLD IV) is perceived by [...]
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