Latest opinions that Hugo Chamberlain has shared on Finextra

Join the Community

22,024

Expert opinions

44,216

Total members

425

New members (last 30 days)

171

New opinions (last 30 days)

28,678

Total comments

Join Sign in

Hugo Chamberlain

Chief Commercial Officer

smartKYC

Member since

03 Aug 2020

Location

London

View Hugo Chamberlain's full profile

Hugo's opinions

The Perils and Promise of Using Generative AI for KYC Screening

As the COO of smartKYC, I've been at the forefront of innovation in due diligence and Know Your Customer (KYC) screening processes for many years. The rapid advancement of artificial intelligence, particularly generative AI (GenAI) and Large Language Models (LLMs), such as ChatGPT, has opened up exciting new possibilities for enhancing KYC screen

12 September 2024 /ai /crime Artificial Intelligence and Financial Services

The Evolution of KYC Screening into Integrity Screening: Beyond Financial Risks

Know Your Customer (KYC) processes have traditionally been the backbone of financial institutions’ efforts to prevent money laundering, terrorist financing, and other financial crimes. Historically, KYC screening focused primarily on identifying red flags such as suspicious transactions and connections to criminal activities. However, in recent ...

27 June 2024

The Evolution of KYC to KYX: Understanding Your Counterparties

In the realm of financial services and beyond, ‘Know Your Customer’ (KYC) has long been a foundational principle. Initially implemented as a means of combating money laundering, terrorist financing, and fraud, KYC procedures have ‌traditionally centred around verifying the identity of individual customers. But, as the business landscape has grown ...

24 January 2024 /regulation /crime RegTech

Automated Enhanced Due Diligence Using AI

When to use Enhanced Due Diligence Know Your Customer (KYC) screening can take many forms as a process and certainly as a technology solution in the ever expanding industry. At a minimum, companies have a requirement to check and verify an individual's identity by using document verification and/or biometric tools, which may suffice in terms of a ...

25 July 2022 /regulation /crime Artificial Intelligence and Financial Services

Why Showing Your Workings is Essential for Trusted AI and KYC

The concept of artificial intelligence (AI) has been in our collective consciousness for decades, mainly due to far-fetched Hollywood depictions of AI-powered killer Terminators, i-Robots and Replicants. These fictional portrayals, twinned with outspoken views from technology titans like Elon Musk and Professor Stephen Hawking, have led to some ...

20 August 2020 /security Artificial Intelligence and Financial Services