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?
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.
PassFort Connect is our latest solution that offers a world of data providers to build into your workflow of onboarding checks through a single integration. A first step on the path to digital KYC.
Financial institutions need to balance creating a fast, frictionless onboarding experience for customers with super-robust compliance processes. Thinking about a fuller range of checks in the path to onboarding can help.
We think it's madness to consider building your own compliance solution for customer lifecycle management. But then we would, right? Here are some good reasons we know buying is a better option.
When reviewing how to automate onboarding processes it's key to look at the bigger picture. Regulatory environments are ever-changing, so building a flexible solution to manage risk is key to driving down future cost.