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The digital KYC model

Get ahead with RegTech

Industry insiders observe that a resetting of Australian institutions’ commitment to Know Your Customer (KYC) as a means of guarding the national economy against the corrosive effects of financial crime will lead to much-needed modernisation of business operating models.

Australian institutions can accelerate their own transformations and achieve world-class KYC operations by learning from the experiences of their peers in Europe, particularly the UK.

A modern KYC operating model augments the KYC experts already in place, with a business process that starts with a clear definition of policy and spans business, compliance and audit professionals organized as three lines of defence.

In this whitepaper, we look at how Australian institutions can:

  • Create modern KYC operating models that minimize the risk of regulatory intervention, on-site inspections and enforcement actions
  • Optimise investments in data and technology
  • Accelerate opportunities for growing revenues

Fill out the form to download the whitepaper.

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