KYC is a central element in the customer onboarding process and the risk-based transaction monitoring. But how effective is KYC really for efficient transaction monitoring? The content of transaction data is often poorly suited to fully understand what the transaction is about. A closer look into how to better understand your transactions.
Banks are spending resources to be able to comply with regulatory requirements. How can they remain competitive and innovative towards new market entrants, such as FinTech companies? A look on various innovation strategies.