The Future of Compliance: Digital Transformation Meets Regulation

Businesses who adopt digital transformation sooner rather than later can focus on keeping the customer experience at the highest quality, while being confident of remaining compliant.Compliance is so entwined with customer onboarding that firms must prioritise the digital transformation of their risk and compliance functions. Excellent blog on Finextra https://lnkd.in/gjveq-Y #digitalonboarding #remoteonboarding #digitaltransformation

Customer digital journey – Interesting article from The Financial Brand

The #COVID19 crisis has revealed that financial institutions can meet the most unprecedented challenges with online ingenuity.However,  their customer digital journey – beginning with remote onboarding – must be smooth and easy or they’ll risk losing the consumer along the way. Read more https://thefinancialbrand.com/97586/covid-19-coronavirus-pandemic-digital-innovation-product-design/ The Financial Brand – Ideas & Insights for Financial Marketers #remoteonboarding #digitalonboarding #digitaltransformation #digitalbanking

Digital customer acquisition and KYC

Amid the ongoing concerns over #COVID19, businesses must adapt and accelerate their digital customer acquisition offering, while retaining robust compliance with government regulations such as KYC.Financial Reporter writes that the pathway for this much needed digitisation involves a blend of ID verification tools, bespoke customer journeys and seamless integration into existing systems.Read more https://lnkd.in/ei_aEuW #KYC #digitalbanking #digitaltransformation …

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KYC and remote onboarding

Over the past decade, Regulators across the US and EMEA have levied nearly $26 billion in financial penalties against financial institutions for sanctions-related violations including KYC.But one of the major issues with KYC requirements is they can heavily impact on the ease and efficiency of the customer digital journey when remote onboarding. It’s a delicate balancing …

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