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Leveraging KYC Capabilities to Minimize Risk and Benefit Customers

Webinar Published By: Fiserv
Fiserv
Published:  Nov 08, 2017
Type:  Webinar

Featuring Andy Schmidt, Principal Executive Advisor CEB

Financial crime remains a truly global problem where both scope and fines are massive.  In this world, effective KYC capabilities serve as both a first and an ongoing defense for financial institutions of all shapes and sizes, providing the opportunity to determine whether the customer is changing behavior, under threat, or, unsafe to do business with.

At the same time, KYC has a definitive role to play in the onboarding of customers something that will become more difficult given upcoming beneficial ownership requirements.  Because of this, KYC capabilities will be placed in the crosshairs of minimizing risk to the bank while not slowing client access to new products and services. Watch this webinar to learn more.



Tags : 
kyc, know your customer, beneficial ownership, financial crime, financial crimes, compliance, enhanced due diligence, suspicious activity report, currency transaction report, aml directive, anti-money laundering laws