Effectively address your digital bank KYC and AML challenges.
Digital transformation continues to move across the banking world, offering lower costs, 24/7/365 connectivity and engaging client experiences.
Alongside hyper-digitalisation, financial criminals are becoming more adept at exploiting new, technology-enabled opportunities for illicit activity. Banks are at the front line of regulatory expectations to uncover and root out money laundering, fraud and other financial crimes, however, many struggle to fully meet KYC and AML obligations.
Digital banks primarily target millennials and generation Z’s, who look for quicker and smooth onboarding experiences. However, KYC and AML may add a significant amount of friction in that experience resulting in increased costs, drop-off rates and operational inefficiencies. All AML processes must be designed with the customer experience at their epicentre.