Solving the KYC challenge with end-to-end processes

• Why is it so essential that buyer administration and threat administration are interconnected in our immediate, international world?
• How can banks create seamless end-to-end KYC processes that allow the enterprise fairly than simply tick a threat checkbox?
• Every part is shifting in direction of the preliminary contact a financial institution has with the shopper – how can banks streamline onboarding to increase the shopper lifecycle?
• What position does knowledge play, and the way can banks optimise the data they acquire?

The linked and immediate world we function in calls for a number of new behaviours – together with the KYC course of. And this begins with the primary preliminary contact: Over 25% of consumers contemplate the onboarding course of too troublesome, and a staggering 63% of customers have acknowledged they’ve beforehand deserted a digital financial institution utility.

Expectations of seamless buyer experiences are increased than ever earlier than, so banks must overview their entire ecosystem of buyer administration and threat administration. From onboarding to ongoing lifecycle administration and transaction monitoring – it is time to begin taking a look at this knowledge extra holistically than simply threat. It may be an enabler for the enterprise to begin taking a look at clients in a optimistic method that helps banks maximise earnings while sustaining efficient compliance.

However to do that, banks want the precise applied sciences and processes. So how can banks rework their methods to construct seamless end-to-end KYC processes that assist elevate the enterprise fairly than simply tick a compulsory checkbox?

Register for this Finextra webinar, hosted in affiliation with NICE Actimize, to hitch our panel of trade specialists who will talk about why banks want to rework their KYC processes straight away world.