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Adverse MediaAIAMLAwardsCompany updatesConferenceContinuous MonitoringESGEventsExplainable AIFintechGDPRJargon BusterKYCNew HireNewsOnboardingPartnershipRegtechsmartEYEUBOXAIHow to Move Beyond ESG ‘Box-Ticking’
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
Getting to Know All About Your Customer: the Case for Continuous Monitoring
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
Eyes Always Open – KYC ‘now’
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
Using Artificial Intelligence to Know Your Customers, not your Criminals
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
Deutsche’s Wealth Arm Employs Finantix Offering, Powered By smartKYC
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
smartKYC: An automated semantic engine for KYC and AML due diligence
The Big Problem A key issue for many financial institutions these days is: Who is their client. With more regulation than ever before, anti money laundering (AML) and compliance are now the priorities for any financial institution, with their profitability as only a secondary concern. This need for heightened due diligence, partnered with a seemingly