Papers & Reports

Get a digest of key proposals in the Kalifa Review in this report, created with the help of industry expert, Dr Ruth Wandhofer.

You will find information on 5 themes, along with why they are important to the future of UK FinTech.

1) Increasing UK IPOs

2) Talent acquisition and up-skilling

3) A new regulatory 'scale box'

4) A centre for finance innovation & technology

5) National coordination

US Congress has waded into the fight against money laundering, passing the Corporate Transparency Act. The legislation means US businesses have to file beneficial ownership information to the Financial Crime Enforcement Network or FinCEN making it harder for criminals to hide money in shell companies.

But what does the act mean for financial services firms in the US or with corporate clients in the US?

+ When will the act be part of business practice?

+ What needs to be filed and by whom?

+ How does it impact KYB and risk processes?

Meredith Beeston, FINTRAIL consultant, has helped us explain the Corporate Transparency Act.

This paper takes you through the all-important third line of defence around KYC and AML risk management.

Get insight on the 6 areas to consider when carrying out your KYC policy review:

1) Keeping your policy document alive

2) Legal obligations

3) How to improve KYC

4) Encouraging expertise inside & outside the firm

5) Data as a competitive advantage

6) How to leverage regtech for agility

This is the final part in our three part series on how to establish, execute and review KYC.

Failure to establish the right compliance procedures can cause inefficiencies and potentially damage to your business' reputation.

In this report, we highlight six areas for executing effective KYC in practice:

1) Checking understanding & ongoing learning

2) Culture and cross-team communication

3) Increased transparency of compliance

4) RegTech with the human touch

5) Freeing up customer-facing teams

6) Embracing change

This is part two in a three-part series to help regulated firms establish, execute and review effective KYC.

Are you trying to establish the right KYC policy for your financial services firm?

Get your copy of this paper for new thinking around digital onboarding.

+ Understand the importance of customer experience

+ Find the key factors important to your business when it comes to risk

+ Discover the role of regtech and automation

+ And, learn why you should always take a holistic view of compliance

This is part one in a three-part series on establishing, executing and reviewing effective KYC.

PassFort spoke to Dan Rodrigues, consultant at Baringa Partners, about how to build resilience with KYC transformation programmes. You can drive customer loyalty, engaged employees and competitive advantage.

Get the report and find out more about:

+ How to engage people with your programme

+ Why thinking about the whole customer lifecycle is important

+ The benefit of iterating your digital processes

+ And the future of perpetual KYC

This report was produced in partnership with The Edmund Group, with expert insight and contribution from two compliance experts. It includes:

+ What has motivated the change in regulation
+ The requirements you have under the operational resilience regulations
+ How the regulations impact your relationship with third-party vendors

PLUS – included is a 5-step action plan to get your operational resilience plan underway

Get your copy of this report to find out all you need to know about recent changes to anti-money laundering regulation.

You'll understand what came into scope with the 6th money laundering directive, and what you can do to ensure robust risk management (whether new regulations apply or not).

+ Create a culture of compliance

+ Focus on people, process and technology

+ Ongoing reviews in the fight against financial crime

Device Risk provides powerful device recognition technology and a unique device intelligence approach to disrupt fraudsters and fraud rings, without sacrificing the customer experience.

This is a speed read explaining how you can:

+Stop fraud not genuine customers

+Build trusted connections around data

+Focus more precisely on areas of risk

In late September, news broke of a huge document leak which included more than 2,000 suspicious activity reports (SARs) filed to the financial crimes enforcement network or FinCEN.

The leak was unique - for the first time documents considered confidential by law h included in it.report created with FinCrime expert Josh Deeks of The Edmund Group tells you what was contained in the leakhe ICIJ's findings and shares why this is so significant to the financial services industry.

Facial recognition is taking off in a big way. People are now automatically opening their smartphone using their face as ID.

GBG has taken this facial recognition technology to develop the next gen of KYC checks - it's called GBG IDscan. Find out how it works and what the future looks like integrated with PassFort.

Head of Compliance Ops at Fidelity International, David Cowland, passionately believes that compliance teams should be more commercial and proactive.

This includes how professionals can embrace a digital first approach to solve their most complex compliance challenges, including the constant change in regulation itself.

TransUnion's Greg Pierson spoke with our Head of RevOps, about the best ways banks can solve their KYC challenges.

Using a network of data that's shared across the financial services eco-system is what he recommends, along with measuring success and failure around customer account login and creation.

Different regions have different regulations. Different regulations call for different approaches to ID validation.

Charles Gaddy, the co-founder of GDC (Global Data Consortium), argues the best way to handle the requirements at pace is to validate identities digitally with a worldwide wealth of data sets brought together by experts.

Gavin Barker, TransUnion formerly iovation, shares detail on the recent spikes in financial crime fraud and risky customer behaviour.

Find out about a quick and simple way that device fraud detection can combat this with friction-right customer lifecycle processes like onboarding.

Customer expectations around payments have changed and opportunities have arisen as digital services take hold.

Now financial services needs to keep up. Nick Kerigan, payments expert, shares how firms can use great digital experiences to create customer loyalty.

How do you pursue purpose and permanence when the future is so uncertain and things change continually?

Nick Kerigan, payments expert, shares how to transform digitally to engage internal audiences and external customers. This includes practical advice on being open to change and ensuring it takes hold.