An interesting evening hosted by Datarama yesterday. It’s
always good to meet peers and we enjoyed an interesting talk by Nathan SooHoo from Trulioo.
Technology can and will change the way organizations handle
regulatory challenges. The bulk of the work though for most FIs is not to get
policies issued and rolled out; it’s about all staff to understand what the
policy means for their day-to-day jobs and actually adhere to it. Without
bringing the organization to a standstill. Many AML/CFT processes are still
very manual, so there’s a lot to be gained, both in terms of customer
experience and in terms of the cost of compliance.
So apart from block chain and sharing of CDD data across
organizations what would be top trend number 3?
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