OIX - Open Identity Exchange’s Post

KYC is essential for maintaining the integrity of financial systems, ensuring compliance with regulations, and fostering a trustworthy relationship between financial institutions and their customers. #KYC #knowyourcustomers #kycanalysis

KYC is essential for maintaining the integrity of financial systems, ensuring compliance with regulations, and fostering a trustworthy relationship between financial institutions and their customers. #KYC #knowyourcustomers #kycanalysis

Do you have an anecdote to tell about how your MF transaction failed due to new KYC norms? Do reach out if you have a story to tell. It's for a LiveMint story. Neil Borate

DICO Forum, Berlin - let's talk KYC and data trust! It’s all about compliance, KYC, and data trust - and we’re thrilled to be part of the conversation. If you're attending, stop by our booth. Let’s discuss how real-time KYC data can transform your compliance process. Catch us at the event, learn more about our solutions, and let’s chat all things compliance. See you there! 👋 Emre Kurtar David Y.

Eliminating 95% of manual steps in archiving 20,000 daily trade documents? I’m blown away by how much more efficient this national bank became with Adlib’s document automation. Employees now get to focus on the things that really matter. No more being bogged down by tedious, low-value tasks. It’s a real shift towards efficiency and productivity. What would you do with all that extra time and peace of mind? Let’s talk about how document automation can get you there. #FinancialServices #Banks #DigitalTransformation https://lnkd.in/eYgPGCSy

KYC, SoWE, Informational Asymmetry 42.8% of capital founders and 88% of their children and family members are unfamiliar with KYC (Know Your Client) regulations and guidelines. Read the full report in 6 languages here: https://buff.ly/3VoEI1G

Robust KYC practices are no longer a luxury for organizations but a strategic necessity. By implementing a comprehensive #KYC program, you can foster trust with your customers, mitigate financial risks, ensure regulatory compliance, and position your business for sustainable growth. Contact us today to schedule a consultation and discuss how we can help you build a robust KYC program that fosters trust, safeguards your business, and empowers you to thrive in today’s dynamic #business environment. Call: +2349139385550 | Email: info@mactay.com #MacTay #backgroundchecks #knowyourcustomers

Are you risking financial loss by ignoring KYC regulations? Watch this quick video to learn why KYC is crucial and how it could benefit you. Watch the full video on :- https://lnkd.in/gcB9fQv9 #basicfundeclear #financialtips #kycupdate #newkycrules #kyc #kycstatus

Interesting article on BusinessDesk NZ about proposed changes to AML regulation oversight and the introduction of a levy to fund it. Here’s what I’ve observed in the current environment: 1) Compliance costs are rising, yet there's little noticeable benefit or reduction in risk. 2) Our interactions with DIA have been less than ideal—communication is inconsistent. 3) There’s no clear outcome from all the effort. Filing GoAML reports often feels as satisfying as tossing them in the fire. Seeing tangible results would make the process feel worthwhile. While I welcome changes to this space, another fee or compliance cost—whether absorbed or passed on—is definitely not ideal.

Bank employees spending hours each week just searching for compliance documents? That’s not just frustrating—it’s a massive drain on resources. We’re talking millions of dollars in lost time for financial institutions, especially smaller banks and credit unions that can’t afford inefficiency. My two cents? It’s staggering to think how much time and money is wasted simply because employees can’t find what they need. Adlib's document automation platform can make a real difference here. By streamlining how documents are stored, accessed, and updated, your bank can cut down on wasted time, boost productivity, and free up employees to focus on what really matters—serving customers and advancing your business goals. #Banks #RegulatoryCompliance #DocumentManagement https://lnkd.in/gcaQVkyC