ING says its participation in the registry will improve the quality of know-your-customer information available
Swift's Know Your Customer (KYC) Registry has signed on ING to participate by providing correspondent banking information for KYC compliance to the Registry.
The Registry, launched a year ago, expanded in May to add fund distribution and custody services to its coverage of KYC information. According to Swift, the service now has 1,875 firms from 191 countries using the registry.
ING's chief compliance officer, Benoit Waltregny, says joining the registry will help the firm "retrieve high-quality, standardized KYC information more easily and effectively, and enhance the quality of KYC information across the financial industry."
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails