PwC has acquired client onboarding specialist KYC-Pro from compliance consultancy FSCom for an undisclosed amount. The move comes as part of PwC’s plans to expand its regulatory compliance offering. KYC-Pro enables customers access to over 127 million companies worldwide, conduct individual AML checks across more than 20 countries and cross reference potential customers against international PEPs and Sanctions lists. PwC partner Ian McConnell says: “AI and automation can deliver significant benefits for organisations and people and, by incorporating KYC-Pro to our existing regulatory compliance offering, it complements the significant presence we already have in the financial crime operations space.” Research shows that by 2020, European banks will spend more than €1bn annually on their KYC management.
A-Team Insight Blogs
The January 2022 compliance deadline for sell-side firms within the scope of Fundamental Review of the Trading Book (FRTB) regulation may seem far into the future, but the complex demands of the regulation and the need to source regulatory data that has never previously been required mean firms should already be identifying tools, solutions and...
IHS Markit has built out its Counterparty Manager service to deliver Onboarding Accelerator, a solution designed to help banks and other service providers open accounts with institutional clients more quickly and ultimately in one day. The accelerator’s technology is based on the company’s Counterparty Manager service that is used by 12,000 buyside customers and over...
The Fundamental Review of the Trading Book (FRTB) Breakfast Briefing, will examine how the capital markets industry is approaching FRTB data management and will look at the implications for the ways that firms source, manage and store data for FRTB compliance.
Welcome to our brand new RegTech Suppliers Guide. This unique guide provides detailed data profiles on close to 100 suppliers in the RegTech world, offering you an unrivalled selection of solutions for your most pressing financial regulatory challenges. The aim of the A-Team’s RegTech Suppliers Guide is to steer you through this complex marketplace, offering...