In recent years, adverse media screening has become a critical component of Know Your Customer (KYC) screening processes. If financial institutions want to stay ahead of potential risks and maintain compliance, they must adopt strategic approaches.

Know Your Customer (KYC) processes have traditionally been the backbone of financial institutions’ efforts to prevent money laundering, terrorist financing, and other financial crimes. Historically, KYC screening focused primarily on identifying red flags such as suspicious transactions and connections to criminal activities.  

smartKYC, the world’s most advanced enterprise solution for due diligence automation, is pleased to have ranked as a ‘Category Leader’ in Chartis’ RiskTech Quadrant®, as part of their Watchlist and Adverse Media Solutions 2024 Report.

smartKYC, the world’s most advanced enterprise solution for KYC due diligence automation, today announced it has achieved ISO 27001 certification for information security.

smartKYC is proud to announce that we have won ‘Best ESG KYC surveillance provider’ at the ESG Insight Awards 2024, for their product, smartEYE. 

smartKYC will be exhibiting at stand 13 at World Procurement Congress at the InterContinental London – The O2, from 15-16 May. 

The emergence of Natural Language Processing (NLP) technologies offers a promising solution to revolutionise KYC procedures, enhancing efficiency, accuracy, and compliance.

smartKYC is proud to announce that we have won ‘Most Innovative Supply Chain Risk Management / Know Your Vendor Initiative’ at the A-Team Insight Innovation Awards 2024.

smartKYC is proud to announce that we have won ‘Best Financial Crime Solution’ at the RegTech Insight APAC Awards 2024. 

It is now obvious that the theme of ESG is close to the top of most corporate agendas. Typically, companies will think about ESG from two perspectives: 1) measuring their own credentials, such as sustainability, ethical behaviour, etc. and 2) evaluating the investments they make. 

Four years ago, we posited in our white paper, Eyes Always Open, published in Money Laundering Bulletin, that best practice guidance on KYC screening would soon include perpetual monitoring of adverse media as opposed to just screening at onboarding and re-screening at intervals.

In the realm of financial services and beyond, ‘Know Your Customer’ (KYC) has long been a foundational principle.