RegTech Insight Financial Crime, KYC & AML The latest content from across the platform
Regulatory Data Handbook 2018/2019 – Sixth Edition
In a testament to the enduring popularity of the A-Team Regulatory Data Handbook, we are delighted to publish a sixth edition for 2018-19 of our comprehensive guide to all the regulations and rules that might impact data and data management at your institution. As in previous editions of the Regulatory Data Handbook, we have updated…
FSB Publishes Cyber Lexicon in Response to G20 Request
The Financial Stability Board (FSB) has published a Cyber Lexicon comprising a set of about 50 core terms related to cyber security and cyber resilience in the financial sector. The lexicon is a result of industry consultation and is designed to support the work of the FSB, standard-setting bodies, authorities, financial institutions and international standards…
Recorded Webinar: Regtech – How to digitalise the customer experience with KYC and AML Innovation
How can ‘digitalising’ client onboarding help to speed up data processing and improve customer experience? How can you leverage digital capabilities to improve your Know Your Customer (KYC) and Anti-Money Laundering (AML) workflows, processes and checks? The task is not easy for financial institutions that have large, complex, legacy ecosystems, and standalone solutions and processes….
US AML Requirements Shift Human Capital Focus
A report from Thomson Reuters and the Association of Certified Anti-Money Laundering Specialists (ACAMS) notes that since the launch of US AML requirements for financial institutions in May 2018, firms have shifted human capital focus away from regulatory change management towards more efficient customer due diligence (CDD). According to the 2018 Anti-Money Laundering (AML) Insights…
Benefits and Limitations of Deploying Regtech to Fight Financial Crime
Financial crime is rising exponentially, requiring financial institutions to review and renew client onboarding, Know Your Customer (KYC) and Anti-Money Laundering (AML) processes. A panel discussion at A-Team Group’s recent RegTech Summit in London considered the challenges and inefficiencies of today’s onboarding, KYC and AML solutions and proposed how regtech deployment could improve the situation….
Role of Regtech in Improving KYC, AML and Customer Due Diligence
The challenges of financial crime are significant and becoming harder to resolve, but advances can be made by implementing regtech solutions to improve customer onboarding, Know Your Customer (KYC) and Anti-Money Laundering systems at the heart of due diligence. This podcast comes from a panel discussion at A-Team Group’s recent RegTech Summit in London. It…
KYC/AML
Know Your Customer (KYC) is a process to which financial institutions must adhere in order to comply with global Anti-Money Laundering (AML) regulations. It requires the institution to verify the identity of its clients and to obtain detailed due diligence information in order to assess the potential risk of illegal activity. Find out more on our Knowledge Hub.
The Future of Fighting Financial Crime
Money laundering is a truly global phenomenon. The amount of illicit proceeds from criminal activity is estimated to account for 2-5 % of global GDP, yet less than 1% is seized or frozen by law enforcement in the financial system, while data protection rules impede information sharing between the public and private sector and inhibit…
RegTech Summit Calls for Collaboration Between Vendors, Users and Regulators
A-Team Group’s RegTech Summit returned to London last week with an impressive line-up of keynote speakers, lively panel discussions and an innovative regtech showcase featuring four newcomers to the market. The event also hosted numerous sponsors exhibiting leading regtech solutions and was joined by over 200 capital markets participants keen to further their knowledge of,…
Recorded Webinar: Client lifecycle management: faster Onboarding, KYC, AML and GDPR processing
Are your client lifecycle management processes – including client onboarding, Know Your Customer (KYC), Anti-Money Laundering (AML) and most recently General Data Protection Regulation (GDPR) – up to the right standard for today’s pressing regulatory challenges? Early iterations of KYC and AML applications may no longer be effective from either a compliance or competitive perspective,…