KYC in the online age

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Panel Discussion featuring: UK Cabinet Office, CurrencyFair, IOX & Mitek

About this talk

Financial institutions from all over the world are facing increasingly strict regulations regarding the verification and authentication of their customers’ identity. The imminent enforcement of the 4AMLD and the publication of the 5AMLD will nothing but add pressure on the financial services industry. To keep a competitive edge and still be compliant with the latest Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations, banks, prepaid card operators, digital currency processors, exchanges, and wallets are being compelled to embrace the digitalisation of traditionally cumbersome processes such as customer due diligence and ongoing authentication. Aiming to simplify KYC in this ever-changing regulatory environment, and optimizing the digital channels for further security and convenience, financial institutions need to successfully achieve this change within their policies, procedures, business models, and technology infrastructures. During this webinar, our panel of experts will provide answers to the following questions: •Are the technologies to underpin digital identity verification reliable and robust enough for financial institutions to rely on them? •Are customers prepared to go down the digital route? •Can financial institutions strike the right balance between rock-solid compliance, and smooth, easy, digital customer experience? •How are financial institutions coping with the challenges posed by the latest regulatory updates? Join us for this panel discussion with our expert speakers: Don Thibeau, Chairman & President, The Open Identity Exchange (OIX) Fintan Byrne, Head of Risk & Chief Compliance Officer, CurrencyFair Sarah Clarke, General Manager - Identity, Mitek David Rennie, Identity Assurance Programme, UK Cabinet Office

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