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.