Posts: KYC All Categories Artificial intelligence Business Process Automation (BPA) Business Process Management (BPM) Hyperautomation Intelligent Automation Intelligent Document Processing (IDP) Process Intelligence Process Mapping Robotic Process Automation (RPA) Workflow Automation Business Process Automation (BPA) Increasing Automation in the KYC Process An effective Know-Your-Customer strategy involves finding the right balance of procedures, so innocent applicants don’t have to struggle through unnecessary paperwork and swamp banks with... Business Process Automation (BPA) 8 Steps for Evaluating Banking Account Opening Products Customer identification is the first and most crucial step in a bank's account opening process, essential in preventing financial crime and money laundering. In addition, anti-money laundering... Business Process Automation (BPA) Transforming KYC Obstacles into Opportunity The Know Your Customer (KYC) workflow and client onboarding is critical for banks because it establishes the tone for future client experiences, relationships, and service levels, all of which have a... Business Process Automation (BPA) Using Automation to De-Risk the Onboarding Process in KYC Manual onboarding is a bank's highest-risk KYC process with the lowest rate of return. Automation can remove these hazards by taking on the responsibility of performing the grueling legwork. In... Business Process Automation (BPA) 3 Trends Increasing the Need for KYC (Know Your Customer) Do you truly know your customer? For banks, the process is more than being on a first-name basis. Impregnable Know Your Customer (KYC) checks are the foundation of a bank’s cybersecurity... Business Process Automation (BPA) Know Your Customer (KYC) Process Guide for Banking Banking is a highly-regulated industry, and the government has been holding this sector to higher standards regarding "Know Your Customer" (KYC) laws. The impact is broad for customers, and the... Business Process Automation (BPA) It’s Time to Re-Think Anti-Money Laundering Anti-money laundering is one of the greatest threats to financial institutions today. In a world of instant gratification, consumers have put pressure on banks to deliver solutions that meet their...
