AI-enabled technology to automate third party risk intelligence collection and to identify and contextualise opportunity
Financial institutions face the challenges of achieving seamless client onboarding and ever evolving regulatory hurdles due to huge work loads, expensive staffing costs and inefficiencies caused by outdated processes and human error.
Read MoreAutomation is vital in the modern financial services world, simplifying regulatory compliance and handling enormous amounts of data.
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smartKYC, the world’s most advanced enterprise solution for KYC due diligence automation, today announced it has been recognised by the RegTech Insight Awards 2021 Europe as the “Best AI Solution for Regulatory Compliance” award winner for a 2nd year in a row.
Over the last couple of months I had the pleasure of speaking at two events hosted by Procurement Leaders as part of its “Innovation:In” series. Procurement Leaders is a global community of senior procurement and supply chain leaders, attracting over 1000 attendees to each event in this series .
Dermot Corrigan, CEO smartKYC, spoke with Stephen Hall from Procurement Leaders in the first event of their Innovation:In series – “Positive Growth”. Dermot discusses how to monitor ESG risk (investment and supplier) with a focus on AI and its capabilities. Through the use of technology, corporates can be aware of ESG transgressions as they occur.
Frictionless onboarding sets the tone for a fruitful relationship and the realities of a post-COVID world have accelerated the arrival of the future in the form of “robo-onboarding”. Hugo Chamberlain, Chief Operating Officer at smartKYC, explains how automated, paperless processes provide a foundation for a host of benefits firms can ill afford to miss out
smartKYC has triumphed at the AI & Machine Learning Awards 2020 winning the award for Best Use of AI. This comes after a run of success at award ceremonies for smartKYC in the last 12 months, having won Best AI Solution for Regulatory Compliance at the RegTech Insight Awards 2020 in May this year and Best
Back in September, our CEO Dermot Corrigan penned an article ESG – Is It There to Tick a Box or Rattle the Cage? in which he explored the problematic factors surrounding ESG policies and practices in firms. So when we read Sarah O’Connor’s excellent reporting in last week’s FT, Retail’s tick-box approach to supply chains
Currently, when it comes to know your customer (KYC) requirements, the industry’s focus is mainly on the first stage of the customer relationship, with regulators prescribing thorough due diligence at the onboarding stage, augmented with the occasional periodic refresh. But in these uncertain times when fortunes and indeed reputations are being made and lost in
In 2004, a colleague and I had the idea of building a search string of negative words in several languages and applying that to a corpus of news content to support our banking clients with their KYC efforts. Thus was born the world’s first adverse media search tool, Lexis Diligence, and quite some time before
How can just searching for ‘adverse media’ on your customer mean you are getting to ‘know’ them at all? In this article we ask, are we really harnessing the full power of KYC technologies? With an abundance of mounting regulations, it is only natural that Know Your Customer screening has been solely about searching for
The offering involves a multi-lingual semantic engine developed by smartKYC. It uses AI to aggregate relevant data, news and documents on a client. Private banking and wealth software firm Finantix, whose know-your-client offering has been developed by smartKYC, has won a major contract from Deutsche Bank Wealth Management to power its onboarding and KYC processes. Deutsche Bank has