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.