Tag Archives: know your customer
Why identity verification isn’t ready for complete automation…yet
The limitations of AI and fully automated solutions for identity verification in the financial services industry By Vanessa Malone Artificial Intelligence (AI) and other automated solutions are actively being deployed in the financial services industry to remove friction, increase efficiency, and reduce costs. Especially in today’s remote environment, financial institutions are being forced to transition services […]Continue Reading
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The importance of KYC technology for financial institutions amidst COVID-19
Why now is the time for companies to bring their onboarding processes into the digital age By Vanessa Malone While many companies have been making steps to create flexible options for their clients to interact with their business online for quite some time, those in heavily regulated environments like financial institutions, have been slower to adopt […]Continue Reading
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The importance of Know Your Customer (KYC) for securities offerings
What you need to know about KYC and how to keep your securities offering compliant and competitive in 2020 By Vanessa Malone The exempt securities offering market is on the rise. In 2019, 69.2% of all new capital raised was through an exempt securities offering. With the SEC’s newly proposed set of amendments to harmonize common […]Continue Reading
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Why financial institutions should look to the blockchain for customer onboarding
How blockchain can help enhance KYC/AML requirements By Vanessa Malone With the ever-increasing Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance requirements companies are facing in the financial services arena, deploying technology solutions to keep up has become more of a mandate than a recommendation. Global penalties for financial institutions have reached $36 billion […]Continue Reading
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Increasing KYC/AML compliance without sacrificing user experience
By Vanessa Malone In today’s digital world, users have come to expect high-tech, high-touch interfaces, personalized experiences, security, and transparency. We see this demand across social media platforms, online shopping, banking, investing — almost every aspect of our everyday activities are becoming increasingly digitized. On one side, this is great. With new technology comes new and creative […]Continue Reading
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The Ethereum-based KYC/AML investor onboarding app you’ve been looking for
By Vanessa Malone Yesterday, Horizon announced the formal launch of KYCware, an advanced KYC software solution built on the Ethereum blockchain to streamline the investor onboarding and identity verification process globally. While Know Your Customer (KYC) and Anti-Money Laundering (AML) processes already play an integral role in client onboarding for financial intermediaries, they are becoming an […]Continue Reading
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