Strategies to Automate and Comply with Know Your Customer
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