KYC & Due Diligence
Only Acceptable in the '80s: Modernizing KYC for Energy & Commodities
Our inauguralknow your counterparty (KYC) trends researchinto energy and commodities firms paints a picture of an industry attempting to weather the challenges of today’s compliance landscape armed with systems and processes from the 1980s.
Why Periodic KYC is Failing: The Urgent Shift to Perpetual Compliance You Can’t Afford to Ignore
At the recent Datos Financial Crime and Cybersecurity Forum, held annually in Charlotte, NC, I had the honor of participating as a guest speaker for an executive roundtable session titled 'Periodic to Perpetual: Synergizing KYC and TM for Continuous Compli
Digital KYC – Transforming the Customer Journey
In my last blog, we explored three core challenges thattraditional KYCprocesses pose for financial institutions – namely the impact that it has on customer onboarding, customer experience, and the cost of operational compliance.
Understanding the New US Beneficial Ownership Reporting Requirements
Staying ahead of new financial regulations is not just a strategic advantage; it's a necessity. The Corporate Transparency Act (CTA) in the US has changed beneficial ownership requirements from January 1, 2024, and it’s vital to know how to respond.
The State of KYC Digitalization: Progress and Challenges Ahead
In Fenergo’s webinar,‘KYC, AML, & Onboarding in 2023 – Were Lessons Learned or Do Old Habits Die Hard?’,a panel of compliance experts zoned in on what the data from Fenergo's research on 1100+ executives at global banks tells us about key Know Your Custome
A Year in Data: KYC, AML, and Onboarding in 2023
As aleading providerof Know Your Customer (KYC) and onboarding solutions, Fenergo has conducted a survey of over 1,100 C-suite staff at leading global Financial Institutions (FIs) to discover the biggest trends and challenges they face in 2023 when it come
A Step-by-Step Guide to Mastering KYC Onboarding
Know Your Customer (KYC)onboarding is a critical process for businesses in the financial sector, aimed at verifying the identity and assessing the risk associated with new clients. It is also an opportunity for banks and financial institutions to establish
The Importance of Data in Digitalization
Technology and data are key to helping Financial Institutions (FIs) achieve the goal of creating the frictionless client journey. Good data is crucial for enhanced compliance, enabling a superior customer experience and improving operational efficiencies,
KYC and Customer Onboarding for Fintechs
As more competitors enter the market,fintechsthat want to stay ahead are focusing on digital transformation initiatives to improve the know your customer (KYC) and customer onboarding experiences of customers who are increasingly tech-savvy and driven by h
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