Onboarding Archives

Structuring the Unstructured: The Challenges of Screening Open Source Intelligence

By Hugo Chamberlain
On: 30 March, 2023,
Categories: Adverse Media, AI, AML, Continuous Monitoring, Explainable AI, GDPR, KYC, Onboarding

KYC (Know Your Customer) screening is an essential process for businesses to identify and verify their clients’ identities as well as surfacing any potential risks associated with them. This process helps mitigate the risk of financial fraud, money laundering and other illegal activities by following KYC regulations. The information gathered during KYC screening can come from various sources, including both structured and unstructured data sets; processing these data sets presents several difficulties that businesses must overcome.

How to solve the challenge of ID matching using explainable AI

AI | AML | Explainable AI | KYC | Onboarding | Regtech

4 August, 2021

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and ever evolving regulatory hurdles due to huge work loads, expensive staffing costs and inefficiencies caused by outdated processes and human error.

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Award-winning smartKYC’s COO talks robo-onboarding with Computing

AI | Awards | Onboarding

12 July, 2021

Automation is vital in the modern financial services world, simplifying regulatory compliance and handling enormous amounts of data.

Robo-Onboarding: Meet The New Normal; It’s Here To Stay

AI | KYC | Onboarding

8 April, 2021

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