Know Your Business (KYB) processes are crucial for lending firms, particularly in a heavily regulated market like the UK. Ensuring that businesses seeking loans are legitimate and financially sound is not only a regulatory requirement but also a fundamental step … Read More
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Boosting application volume with KYB technology for lending firms
Implementing KYB (Know Your Business) technology can have a significant impact on the application volume of lending firms. By leveraging KYB technology, lenders can streamline their onboarding process and make it more efficient, resulting in a higher number of applications. … Read More
How to streamline KYB onboarding and ongoing risk assessment in lending firms
In the highly regulated UK lending market, effective Know Your Business (KYB) procedures are crucial for mitigating risk and ensuring compliance. However, lending firms often face significant challenges in KYB onboarding, which can complicate and delay the loan approval process. … Read More
Automated Client Onboarding
Efficient and ‘friction-free’ client onboarding is the key to customer engagement for any regulated business, but the need to balance this against the demands of the regulators is critical. … Read More
Configurable Risk-Based Regulatory Rules Engine
The ever-evolving regulatory landscape in which firms operate in means client risk management is becoming more complex and time-consuming, ultimately impinging on the overall customer experience. To simplify the complexity of KYC onboarding and monitoring an agile risk-based rules engine is the answer.
In this blog, we discuss why a highly configurable rules engine is critical to the customer experience, operational efficiency and future-proofing of your compliance processes. … Read More
All-Time Spike in Commercial Lending: Minimise Your Risk and Ensure Profitable Lending
Commercial lending firms are bracing themselves for an increase in bad debt as the fallout from Covid-19 continues apace. In this blog we explore how lenders can minimise their risk and navigate their way to more profitable lending. … Read More