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: Managing data, research and trading challenges in the countdown to MiFID II

MiFID II is a far-reaching regulatory directive, years in the works, but now just a few short months from taking effect on January 3. The European Union regulation will have global impact, in areas including unbundling payments for asset management research, allowing systematic internalizers latitude to handle more types of instruments, data management methods and...

BLOG

Data’s Evolution Continues From Cost to Core Asset: DMS New York City 2025 Preview

Modern Chief Data Officers are not only the guardians of financial institutions’ data estates, they are also the caretakers of their single-biggest asset. With every part of an organisation’s business now dependent on data, the custody of its digital information is every bit as critical to operations as the management of trading teams or even...

EVENT

TradingTech Summit London

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

ESG Data Handbook 2022

The ESG landscape is changing faster than anyone could have imagined even five years ago. With tens of trillions of dollars expected to have been committed to sustainable assets by the end of the decade, it’s never been more important for financial institutions of all sizes to stay abreast of changes in the ESG data...