Six key themes from executive roundtable on accelerating KYC automation

Encompass recently created a collaborative space for an expert group of senior executives from some of the industry’s largest banks, to come together to discuss accelerating KYC automation.  The insightful, peer-led discussion explored and shared insights across six key themes.

Accelerating KYC automation

There was a positive commitment to unravelling the intricacies of KYC automation amongst the exclusive gathering. The following were identified as key themes:-

• Data as the foundation of KYC
• KYC outreach challenges and the role of portals
• Deploying a tiered approach to KYC automation – where it adds value
• Strategic change in KYC automation for future growth and efficiency
• Balancing automation and expertise for effective KYC analysis
• Prioritizing client experience in KYC automation

As the financial landscape evolves, Encompass continues to foster thought leadership and innovation in the pursuit of efficiency within the industry’s largest institutions.