AI-enabled technology to automate third party risk intelligence collection and to identify and contextualise opportunity
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.
Read MoreIn a recent webinar session hosted by Ian Lawless, Head of Content Partnerships and Event Director at Procurement Leaders, Dermot Corrigan, CEO discussed how a combination of natural language processing and generative AI can do all the heavy lifting associated with due diligence discovery at both onboarding and during the lifetime of the relationship in real-time, preventing risks from gathering momentum and developing into a full-blown crisis.
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As 2023 draws to a close, we reflect on the key KYC due diligence trends and challenges affecting the industry, as well as highlighting smartKYC’s company milestones and achievements, including an exciting new product launch and multiple award wins.
The importance of implementing comprehensive due diligence processes cannot be overstated, particularly as global supply chains become increasingly complex.
On June 1, 2023 the EU Parliament paved the way for regulation that will have fundamental implications for the way companies operating within the EU assess and monitor their supply chains for the risk of human and environmental rights violations.
We have won the award for ‘Best AI/ML Solution for ESG’ at the ESG Insight Awards!
We have won the award for ‘Best Financial Crime Solution’ at the RegTech Insight APAC Awards!
It is well known that ‘adverse media’ screening is the process of searching for negative news and other data sources about an individual or company for due diligence purposes.
ESG is very topical at the moment but there continues to be confusion around the term and what it means for organisations when it comes to risk.
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 .
This article examines how due diligence checks wealth managers use on their clients should also include scrutinising investments in the same spirit. As ESG investing gains momentum, so must the mindset adjust accordingly. Dermot Corrigan, CEO of smartKYC, argues that wealth managers need to place the same emphasis on investment due diligence as KYC. Dermot Corrigan,
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.