All posts tagged "Onboarding"
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2.6KAML / KYCArtificial Intelligence – the Ultimate Weapon to Fight Financial Crime
Getting buy-in from senior management is one of the biggest hurdles to adopting AI in the fight against financial crime, says Fenergo's Karl Seagrave.
April 3, 2019 -
509Big PictureBoard, Compliance Engagement Lacking in Technology Adoption
Financial services firms lack engagement from boards and risk and compliance functions, according to a new survey from Thomson Reuters Regulatory Intelligence.
February 7, 2019 -
603AML / KYCHKMA’s Regulatory Expectations of Remote Customer On-boarding
Remote onboarding technology should be able to authenticate customer identities through document image acquisition and “incontrovertibly” link identities through biometrics.
February 5, 2019 -
341Asia-PacificThailand to Broadly Revamp Regulations for Financial Institutions
New regulations will make it easier for financial institutions to lend to SMEs and adopt new technologies, while also reducing burdensome approval processes.
November 23, 2018 -
2.2KAML / KYCMAS Shelves ‘KYC Utility’ Project as Costs Surpass Expectations
The setup cost of the KYC utility exceeds the savings banks would be able to achieve, MAS managing director Ravi Menon told Bloomberg.
October 15, 2018 -
605AML / KYCSFC AML/CFT Guideline Revisions to Take Effect in November
A July consultation proposed amendments to improve the Guideline's usefulness and relevance and ensure its alignment with international AML/CFT standards.
October 15, 2018 -
633Feature
HKMA Lays Out Regulatory Framework for Open API
The HKMA is set to launch an Open API on its website to make financial data more accessible to consumers and facilitate client onboarding by banks starting 23 July; the API will begin with providing 50 sets of financial data.
July 19, 2018 -
313AML / KYC
SFC Provide Guidance on Online Client Onboarding
Procedures to verify client identities include obtaining a digitally signed agreement and identity document copy, and the use of designated accounts in the client’s own name only for deposits and withdrawals.
July 18, 2018 -
331AML / KYCSFC Updates AML/CFT Guideline as FATF Assessment Looms
Proposals include streamlining of customer onboarding processes and a requirement to implement group-wide AML/CFT systems at overseas branches and subsidiaries.
July 6, 2018 -
412AML / KYCACAMS 2018: Rising to the Financial Crime Challenge
Recently in Hong Kong, ACAMS brought financial industry participants to discuss action to combat financial crime. Progress on regulation, advancements in technology and FIs’ willingness to do their part are making all the difference.
May 10, 2018
