With laborious onboarding, refresh, and remediation processes, Know Your Customer (KYC) compliance challenges are continuously growing. KYC is outdated almost as soon as it’s completed, meaning you are reliant on static and time-limited data to understand your customer and their risk. Increasing regulatory, cost and customer pressures demand a new way of thinking.
By adopting a contextual approach, you can reduce the time and cost of KYC by increasing automation and connecting non-obvious relationships to reduce customer friction, and leverage decision intelligence for perpetual monitoring.
What’s inside?