About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Mphasis Partners with iMeta on AI-Driven KYC Model

Subscribe to our newsletter

Cloud and cognitive specialist Mphasis has launched a brand new strategic partnership with the UK’s iMeta Technologies, a provider of onboarding, client lifecycle and master data management software and services, to deliver a next generation onboarding model for the UK and Europe that aims to disrupt the traditional KYC market through the use of AI.

“Streamlining customer onboarding is essential for financial services institutions worldwide who are now looking at a tech-based approach to manage it efficiently,” stresses Anurag Bhatia, Head of Europe, Mphasis.

iMeta specialises in mastering data, automating processes and regulatory compliance, while Mphasis has a long track record of working with global banks and financial institutions on their customer and digital journeys. Mphasis is therefore set to bring its AI, machine learning and operations capabilities in KYC to the partnership, while iMeta brings a disruptive and solid platform, together aiming to redefining the onboarding/KYC landscape and develop a one-stop solution that addresses all of the current pain points within the onboarding process.

The solution will cover the whole KYC lifecycle: from the collection of information through a Customer Identification Program (CIP), to risk assessment – known as Customer Due Diligence (CDD), through to the final steps where Enhanced Due Diligence (EDD) is initiated and contract terms are modified according to the risk.

“Having worked for many years with financial organisations, we have seen similar problems they face around inadequate data management and processes. Through this experience we developed a proven software solution that… automates data and regulatory compliance, cuts onboarding times, [and] increases operational efficiency,” comments Ben Marsh, CEO at iMeta.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: The Role of Data Fabric and Data Mesh in Modern Trading Infrastructures

The demands on trading infrastructure are intensifying. Increasing data volumes, the necessity for real-time processing, and stringent regulatory requirements are exposing the limitations of legacy data architectures. In response, firms are re-evaluating their data strategies to improve agility, scalability, and governance. Two architectural models central to this conversation are Data Fabric and Data Mesh. This...

BLOG

Complex Sanctions Environment Demands Powerful Screening Monitors: SIX Report

Sanctions screening technology has never been more important for financial institutions as new geopolitical and economic threats create the riskiest trading environment in recent history. That is the key finding of a new report, that highlights the need for greater resilience among organisations to the raised threat level faced by the global financial system. In...

EVENT

RegTech Summit New York

Now in its 9th year, the RegTech Summit in New York will bring together the RegTech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...