Compliance is costly. Know Your Customer (KYC) compliance in adherence with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations can account for anywhere between 3% and 30% of a bank’s total operational costs. In 2020 reports suggested that global spending on compliance topped $213 billion. And that figure could be conserv...
20 September 2022 /regulation /crime Data Management and Governance
Identity verification. Two small words that can throw up some big barriers. Justifiably so, given that the purpose of checking ID is to make sure that the right people get access to the right things. And that the wrong people, don’t. But what if the right people are denied access? What if a person is in real need of a loan to make their business pl...
29 June 2022 /inclusion /identity Digital Identity Management
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