Know Your Customer (KYC) Innovation: The Rise of Jurisdictional Managed Services
The importance of innovation in the KYC space cannot be over-emphasized. Inefficient processes continue to significantly impact the global annual KYC spend of banks and other financial institutions (FIs). In response, regulators, FIs and their end-clients and other industry participants continue to seek advances in technology and ways to source and gather data to enhance and expedite compliance with KYC requirements. Achieving these goals will benefit all stakeholders.
Address the challenges inherent with the process of client onboarding whilst staying compliant with regulatory demands with our tried and tested, purpose-built application.
Thomson Reuters Org ID simplifies and streamlines counterparty due diligence and the ongoing maintenance of Know Your Customer (KYC) compliance records.
Authoritative and accurate source of risk intelligence made available to help you meet your regulatory obligations, make informed decisions, and help prevent your business from inadvertently being used to launder the proceeds of crime or association with corrupt business practices.