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.
In a time of remote working and digital customer onboarding, it’s more important than ever to have the right SaaS solution available to carry out efficient case management which leads to better customer onboarding experiences.
Using automation to complete your customer onboarding journeys means processing more applications more quickly, while complying with any form of regulation in any jurisdiction for any product. Smart!
Today, PassFort announced the introduction of its new compliance solution that allows regulated businesses to take their first (and easiest) step towards digital transformation of their CLM processes.