AML in 2020 – KYC utilities focus
A look ahead to AML and the role of KYC utilities
Successful compliance and risk management programmes within financial institutions depend on effective Know Your Customer (KYC) processes, yet most have found these processes to be onerous, both in terms of time and cost.
This is further complicated by an ever-changing and progressively stringent regulatory landscape.
As a result, consortiums of banks, governments and vendors have explored the possibility of reducing costs and improving customer service through the establishment of industry-wide KYC processors or utilities.
In this ebook, we bring you all you need to know about KYC utilities, as well as predictions for what lies ahead. We feature:
- insight into KYC utilities and their use
- a look at work currently being undertaken by Capgemini
- an illustration of the key processes in KYC utility customer onboarding
Fill out the form to download the ebook.
You also might be interested in
Blog Global AML/KYC regulations: The June 2025 Pulse
Global AML/KYC regulations are tightening in 2025. Firms must act now to stay ahead. Blog Reimagining corporate identity: How technology will reshape the future of KYC
Corporate banking must master KYC complexity with digital identity to drive faster onboarding. Blog Realizing the promise of Perpetual KYC and why industry collaboration is the path forward
Making pKYC a reality: A practical path to real-time compliance through collaboration and tech. Blog Security that enables growth, not just ticks boxes
Discover why security is a core product feature and strategic focus for Encompass and our customers.
west
east
Discover corporate digital identity from Encompass