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: How to run effective client onboarding and KYC processes

Increasing cost, complexity and regulatory change continue to challenge firms implementing client onboarding and Know Your Customer (KYC) systems. With an effective strategy and a clearly defined pathway, it’s possible to gain a valuable competitive advantage whilst meeting those all-important compliance requirements. But how to get there? With a myriad of different options out there...

BLOG

The Case Against Ripping and Replacing: Why Capital Markets Firms Should Build Intelligence Into What They Already Have

By Neil Vernon, Chief Product Officer, Gresham. For years, capital markets firms have faced the same challenge: modernising sprawling, legacy data systems. Each attempt follows a familiar pattern – ambitious platform overhauls, eight-figure budgets, years of disruption – yet the old systems often remain in use long after the new ones are live. Replacing systems...

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

The Reference Data Utility Handbook

The potential of a reference data utility model has been discussed for many years, and while early implementations failed to gain traction, the model has now come of age as financial institutions look for new data management models that can solve the challenges of operational cost reduction, improved data quality and regulatory compliance. The multi-tenanted...