Featuring Andy Schmidt, Principal Executive Advisor CEB
Financial crime remains a truly global problem where both scope and fines are massive. In this world, effective KYC capabilities serve as both a first and an ongoing defense for financial institutions of all shapes and sizes, providing the opportunity to determine whether the customer is changing behavior, under threat, or, unsafe to do business with.
At the same time, KYC has a definitive role to play in the onboarding of customers – something that will become more difficult given upcoming beneficial ownership requirements. Because of this, KYC capabilities will be placed in the crosshairs of minimizing risk to the bank while not slowing client access to new products and services. Watch this webinar to learn more.