Joe Dunphy, Fenergo’s VP of Product Management, participated on a webinar with the A-Team Group to discuss The Data Management Challenges of Client Onboarding & KYC.
During the webinar, Joe gives his input into the following areas of thought:
- How are financial firms managing client onboarding today and why can this be suboptimal for both firms and their clients?
- What regulatory requirements are driving firms to readdress their client onboarding and KYC processes?
- What are the overarching data management challenges of client onboarding and KYC?
- What new technology approaches are emerging that could help firms streamline customer onboarding and meet evolving KYC requirements?
- How do new approaches such as shared and managed services support customer data collection and validation?
- How do new approaches manage customer data throughout the lifecycle of a customer?
- How can FIs balance regulatory compliance with legislation that restricts access to some customer data?