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JARGON BUSTER: AI
Dispelling The Fog & Mystique Surrounding AI
smartKYC hosts webinar with ACAMS
Earlier this month, Dermot Corrigan (CEO, smartKYC) and Hugo Chamberlain (COO, smartKYC) hosted a webinar in partnership with ACAMS. ACAMS is the largest global membership organization dedicated to fighting financial crime.
Recommendations for retail banks on how to bridge the gaps identified in their financial crime systems as set out by the FCA, Hugo Chamberlain COO smartKYC
On 21 May this year, the FCA wrote an open letter to CEOs of the retail banking industry in the United Kingdom. The letter highlighted a range of shortcomings with regard to their financial crime systems and controls.
Natural Multi Language Processing: A Smart Approach to KYC Screening Wealth Management Clients
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.
How to solve the challenge of ID matching using explainable AI
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and ever evolving regulatory hurdles due to huge work loads, expensive staffing costs and inefficiencies caused by outdated processes and human error.
smartKYC partners with kompany to provide live access to real-time global register network
LONDON, UNITED KINGDOM: 14 July 2021 – smartKYC, the world’s most advanced enterprise solution for KYC due diligence automation, has announced a strategic, data partnership with kompany, the global RegTech platform for business verification and Business KYC (KYB) for AML compliance.
smartKYC wins the award for Best AI Solution for Regulatory Compliance
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.
Procurement Leaders – Innovation:In series
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 .
The Arrival Of KYI: “Know Your Investment”
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,
Robo-Onboarding: Meet The New Normal; It’s Here To Stay
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
KYC: Remember It’s Know Your Customer, Not Know Your Criminal
With ever-tighter regulation and the need for enhanced due diligence when onboarding both individuals and entities as customers of your firm, it is important to remember what the C in KYC stands for: client, not criminal. KYC (Know Your Client) screening has become synonymous with checking for “red flags” on a firm’s clients, with enhanced
smartKYC Wins Award: Best Use of AI at the AI & Machine Learning Awards 2020
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