Join Finextra, Trulioo and industry experts in a one-hour webinar on Sept. 18 at 3pm BST (7am PST) as we explore how the use of automated verification solutions help financial institutions counter the complexity of regulation and fraud with customer experience as a priority.
In an increasingly digital age, transactions are exchanged in real-time, and the pressure to meet the legal demands of regulation and compliance is complex and costly.
Labour intensive, manual processes can be dramatically improved using automated solutions. These can prove essential to the operational efficiency of a business to reduce costs and avoid breaching regulatory governance.
But how do you move from traditional practices to an automated approach? What are the complexities and considerations to take into account when fulfilling Anti-Money Laundering (AML), Know Your Customer (KYC) and Know your Business (KYB) obligations across multiple jurisdictions? To identify and validate the individuals and companies you transact with and to truly know the identities of those you do business with?
During the webinar, we will share the findings of a survey to understand KYB and KYC/AML processes. Find out how automation ensures you put the customer first through streamlining initial onboarding, to make business verification far easier and effective across an organisation, as well as answers to questions such as:
- Why are traditional KYB and KYC/AML under such pressure and what are the implications for financial institutions regarding overheads, costs and potential non-compliance?
- What is the impact of increasingly, complex regulation? How has this evolved and what are the new requirements to be aware of to show you know and can evidence who you do business with?
- How is the market-place responding? How are financial institutions choosing to move to automated, enterprise solutions? What are the business models and use cases?
Zac Cohen, General Manager, Trulioo
Zac is a versatile leader experienced in managing and scaling high-growth companies. He is a veteran of all facets of startup and tech operations, including strategic planning and execution, corporate management, and building high performance teams. His expertise in risk and compliance software continues to drive innovative and effective solutions for businesses operating worldwide. Zac is passionate about fostering changemakers to make an impact and build groundbreaking solutions that are solving our world’s most pressing problems.
Simeon Beal, Senior Associate and One World Identity
Simeon is a Senior Associate at One World Identity (OWI). In his role, Simeon is responsible for providing comprehensive insights and analysis of the identity industry. His current market interests are in the internet of things, identity in marketing, and global legislative developments. Prior to OWI, he was an experienced associate in the risk assurance practice at PwC, with a primary focus on regulatory compliance in the banking and capital markets sector. Simeon has received bachelor degrees in philosophy and accounting from Binghamton University, and lives in Manhattan, New York.
Lana Abdullayeva, Director Open Banking and PSD2, Lloyds Banking Group
Lana is an advocate for leveraging evolving regulation to improve end-customer experience, fostering financial inclusion and preventing financial crime. From 2015 to 2017, she was a member of the Payments Strategy Forum and played an influential role in shaping the future UK payments landscape, improving trust in payments and removing barriers to enter. Prior to Lloyds she worked for Experian, leading the development of data driven client solutions. Lana has also worked in assurance & advisory at KPMG, payments, retail, corporate banking and capital markets across the globe with BP Treasury, TD Bank Group and Barclays. She has played an influential role in shaping the future UK payments landscape, improving trust in payments and removing barriers to entry.
The panel will be moderated by Anna Milne, Editor, Finextra.