Perpetual KYC (pkyc) has become a buzz phrase in the last few years due to a combination of heightened scrutiny from regulators and huge advancements in automation technology. In this article, smartKYC’s CEO Dermot Corrigan provides insight on the definition of perpetual KYC, the implications for other KYC monitoring activities, such as periodic refresh, and points to some of the solutions that can meet the technical challenges perpetual KYC presents.

As we addressed in our latest adverse media post, there is an array of categories—and subcategories— of negative news screening that need to be properly screened for accurate and relevant results. But how do people look for and analyse adverse media in foreign languages? And why is this still so difficult?

smartKYC, the world’s most advanced enterprise solution for KYC due diligence automation, has today announced the addition of the Hindi language and script to smartKYC’s multilingual Natural Language Processing technology. smartKYC’s technology now processes and analyses over 35 different languages in multiple writing systems including Latin, Chinese, Arabic and Devanagari.

Private banks and wealth managers face unique KYC screening demands. Their clients will often require a more enhanced background check due to their association with certain jurisdictions or sectors, the sophistication of their banking and investment needs or their raised public profile.

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