BMO Latest KYC.com Addition

BMO's signing is expected to accelerate adoption of the service in Canada, a Markit director says.

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Darren Thomas, Markit

The service will standardize and streamline BMO's management of know-your-customer (KYC) information. It centralizes operations so firms can benefit from an industry-led standard for data quality along with lower costs.

Signing BMO may accelerate adoption of KYC.com's service in Canada, Darren Thomas, managing director and head of counterparty manager at Markit, tells WatersTechnology.

"BMO is the first Canadian bank to adopt a KYC utility, and we think this will accelerate adoption by firms and

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