Strategies to Automate and Comply with Know Your Customer

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17 August 2016

Consumer expectations are high, competition is fierce, and margins are getting thinner in many areas of retail banking. To combat these market and customer dynamics, banks must create a robust and compelling customer experience despite ever increasing and changing regulations like Know Your Customer (KYC). With financial institutions receiving over $10 billion in fines since 2013 for noncompliance, Know Your Customer should be on the forefront of everyone’s mind.

This complimentary BAI Webinar explores how your organization can:

  • Understand the benefits of automating and complying with KYC
  • Discover valuable lessons from the industry to leverage KYC to strengthen existing relationships and attract new customers
  • Explore strategies to identify customers on the front end to mitigate KYC non-compliance
  • Identify the key challenges to balance customer experience with Know Your Customer Compliance