In a digital economy, automating compliance processes is a must. But that doesn’t mean compromising on your customer experience or trading efficiency for risk.
Data sits at the heart of a KYC compliance process. Without electronic data checks, KYC in today’s digital world would be impossible. But there’s more to KYC data than just running the numbers.
Technology used to automate compliance policies should be flexible and configurable, and that means getting your head in the cloud.
We share 3 ideas that will help financial institutions achieve more efficient customer onboarding and a competitive edge.
This quarter we're vibing on Operational Resilience as UK financial services regulators are sharing policy statements designed to help the industry protect customers, the FinTech ecosystem and the wider market from unforeseen factors.
If you are currently in the process of deciding whether to buy or build your compliance solution to help manage and automate KYC and AML processes, let PassFort give you a few things to consider.
Automatically verifying someone's ID is the first building block in digital KYC & AML due diligence. So, what should you look for in the tech you use and why is it important?
Electronic identity checks verify an individual's identity, address, or tax status by matching them in online sources to establish a digital paper trail. And it leads to better KYC processes for compliance teams and new customers.