One of the most common comments we hear from senior leaders of Client Onboarding, CLM or KYC functions in Financial Institutions, is that their Front-Office is frustrated with these processes. Often, technology is held up as the solution to this problem, but in our experience, there are many underlying causes of their frustrations that are not rela...
15 February 2022 /regulation /wholesale Banking Strategy, Digital and Transformation
The 10th Public Edition of the Basel AML Index was released this month, measuring the risk of money laundering and terrorist financing in jurisdictions around the world. There were some interesting – and concerning - trends identified. So what were they and what do they mean for Financial Institutions in the UK? 1. A stronger response to th...
28 September 2021 /regulation /crime Banking Regulations
The continued pressure to increase efficiencies within KYC and reduce the cost of compliance has resulted in ‘KYC automation’ becoming a hot topic for the industry. Clients often ask us what their priorities should be, who can help them with the process and what the best practices are for implementation. Here are the 7 key principles I normally sh...
14 December 2020 /regulation /crime Financial Risk Management
2021 will be a challenging but critical year for financial organisations wanting to deliver change within client onboarding and client lifecycle management (CLM). Covid and the fear of a global recession have dramatically increased the need for digital transformation, automation and streamlined processes, and there is no doubt that banks have to r...
24 November 2020 /regulation /wholesale Operational Risk Management
Anne PoundsManaging Director at AEP Associates.
Joshua FrithManaging Director at The Dubs
Michael MellinghoffManaging Director at TechFluence
Andrea DunlopManaging Director at Access PaySuite
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