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: New data, old data, no data: How do you solve the data problems of MiFID II and FRTB?

Markets in Financial Instruments Directive II (MiFID II) is kick starting the generation of a broad range of new content sets that will power not only MiFID II, but also FRTB. The webinar will discuss emerging data sources and datasets, their potential benefits, and how they will be consumed. Listen to the webinar to find...

BLOG

A-Team Launches Inaugural AI in Data Management Summit New York City

Artificial intelligence-led applications offer financial institutions the potential to do more with their data at a time when increasingly complex economic and geopolitical influences place extraordinary operational pressures on them. The technology is now being applied to all parts of an organisation, from asset and risk management to customer relationship management and regulatory compliance. A...

EVENT

AI in Data Management Summit New York City

Following the success of the 15th Data Management Summit NYC, A-Team Group are excited to announce our new event: AI in Data Management Summit NYC!

GUIDE

Regulatory Reporting Handbook – First Edition

Welcome to the inaugural edition of A-Team Group’s Regulatory Reporting Handbook, a comprehensive guide to reporting obligations that must be fulfilled by financial institutions on a global basis. The handbook reviews not only the current state of play within the regulatory reporting space, but also looks ahead to identify how institutions should be preparing for...