Can KYC Compliance and Customer Experience Coexist?

Presented by

Paul Lewis, Global VP and CTO - Hitachi Vantara and Howard Holton, CTO – Hitachi Vantara

About this talk

Practical Steps for the IT Executive. Remaining competitive in the modern financial world requires staying ahead of increasingly sophisticated financial crimes and fluid regulations across multiple jurisdictions. Simply monitoring sanctions lists is no longer an option. Financial institutions must be able to generate a complete picture of each entity they onboard. At the same time, standard AML systems generate a high proportion of false positives – estimated at 80% to 90% of alerts – creating bottlenecks, adding risk and annoying customers. In fact, one study showed that 12% of corporations had changed banks because of KYC issues. Addressing these challenges requires new strategies and innovative technologies that enable real-time risk profiling and continuous KYC. Financial institutions can leverage machine learning and data automation to improve compliance, reduce risk, streamline operations and keep their customers happy. In this webinar we will discuss: •How evolving regulations and increasingly sophisticated threats drive AML complexity. •Innovative technologies, from AI to blockchain to biometrics, that help financial institutions stay one step ahead of financial criminals. •What steps firms can take today to leverage the power of machine learning and maximize the value of their data. •How banks can de-risk their customer onboarding while maintaining best-in-class customer service.
Related topics:

More from this channel

Upcoming talks (0)
On-demand talks (432)
Subscribers (45199)
Data is your greatest asset, if you know how to use it. The key to new revenue streams, better customer experiences, and lower costs of doing business is there in your data, waiting to be discovered. It reveals your path to innovation and new ways for you and the world to work. Hitachi Vantara elevates your innovation advantage by merging operational and informational experience to offer you a data partner with unprecedented range and depth in data management. We are analytics, industrial expertise, technology and outcomes rolled into one great solution provider. We listen. We understand. We work with you. Visit us at