Know Your Customer (KYC) RSS
A wide range of factors are converging to make Know Your Business (KYB) a major pain point for financial institutions (FIs) in the years ahead. Banks and other FIs must... read more
Fenergo released its findings on financial institution fines which shows that in December 2019 global penalties totalled $36 billion for non-compliance with Anti-Money Laundering (AML), Know your Customer (KYC) and sanctions... more
The post Global financial institutions rack up $36 billion AML, KYC and Sanctions fines appeared first on Payments Cards & Mobile.
Signicat has revealed that 38% of all financial services applications in Europe are abandoned despite massive investment in digital transformation by institutions. Although the 38% figure is an improvement on 2018’s... more
The post Money 2020: European FI’s losing almost 40% of applicants during digital on-boarding appeared first on Payments Cards & Mobile.