The challenge for regulated firms is to provide remote and seamlessly onboarding experiences for their clients, without compromising their security and compliance obligations. Does there need to be a trade-off between delivering compliance with speed and convenience? In this article we summaries a discussion between Adrian Black, NorthRow’s CEO, and Andrew Bud (CBE), iProov’s CEO, as they delve into this topic. … Read More
Digital Transformation
Client lifecycle KYC management: Taking a holistic approach
Managing your client’s data is more than a regulatory box-ticking exercise. An effective Know Your Customer (KYC) and Customer Due Diligence (CDD) compliance operation can deliver increased productivity and improved accurate risk-scoring, whilst reducing operational costs and a substantially improved customer experience. In this article, we explore the importance of implementing an efficient Client Lifecycle KYC Management process. … Read More
Digital Transformation Meets Regulatory Compliance
Business leaders often see digital transformation as a way to drive growth and streamline operations, whilst strengthening customer relationships. Sales and operational functions are often the first to see digital investment with compliance usually being the last. … Read More
Will a Cashless Society Be the End of Financial Crime?
The pandemic has accelerated the transition to a cashless society as UK retailers have banned the use of cash in their stores and are only accepting contactless and credit card payments. It is a widely held belief that a cashless society could potentially decrease financial crime and reduce money laundering activity. In this article, we explore whether a cashless society could actually end financial crime or simply drive criminals to use more sophisticated digital methods. Learn more. … Read More