Reducing the cost of compliance: A bold move towards Know Your Customer (KYC) managed services

Improving the cost and efficiency of Know Your Customer (KYC) processes has been at the front of financial institutions strategies over recent years. Large financial institutions are embarking on transformative projects to reduce their high KYC operations spending on average USD $150 million annually.

In partnership with a number of financial institutions, we have conducted time and motion studies to identify then assess the drivers behind high operational expenditure and inefficient processes.

Download our new whitepaper to gain insight into:

  • The drivers behind financial institutions KYC expenditure 
  • Managed services models, transforming cost to investment
  • Reducing the cost of ownership for KYC
  • The evolution towards a KYC utility model

KYC as a service offers an innovative platform which integrates regulatory technology, market leading entity data and accredited operational capabilities. It delivers and maintains a set of collected information based on public and private data, unwrapped, screened and validated KYC profiles. Our clients across the industry can rely on us as a critical component of their customer due diligence process.

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