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Six key themes from executive roundtable on accelerating KYC automation

By Clare Puplett | Thu 30 November, 2023
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.

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