Financial institutions have spent significant resources on regulatory compliance. Historically, customer due diligence operations have been mostly manual, whether onboarding a new customer or conducting a scheduled review of existing clients based on the relationship’s assessed risk rating. Highly manual operations can increase risk exposure, especially because of data-entry errors and missing relevant information due to human oversight or lack of attention. Previously known as ongoing Know Your Customer (KYC) due diligence, the activities of vetting new and existing customers have been recently repackaged as perpetual KYC, or pKYC.  But has anything about these long-standing and burdensome processes really changed?

Join this panel of experts to learn:

• How pKYC technology keeps customer-related information, including ultimate beneficiary ownership, consistently up to date
• How pKYC combines large volumes and multiple sources of data, significantly reduce false positives, and better manage information continually
• How to better inform your understanding of KYC through increased knowledge of emerging fraud attacks
• How to accelerate the journey from heavy manual operations to straight-through automation
• How to obtain cultural buy-in at the top levels of management by demonstrating how pKYC enables business
• How pKYC can reduce regulatory and reputational risk exposure