“Complicated,” “messy,” and “manual” are words often used to describe know your customer (KYC) compliance procedures. Most descriptions are far more bitter and pessimistic, and some are simply unprintable.
KYC is becoming a major cause of concern for financial organizations, especially following more stringent onboarding requirements from regulations such as MiFID II, which will take effect in January 2018. The industry knows it must up its KYC game before this deadline.
A utility model is oft
Should regulators take a more active role when it comes to AI oversight, or leave it to the professionals? What will M&A look like in 2018?Subscribe to Weekly Wrap emails