Digital Banking Trends: Taking Your Compliance Program to the Next Level with Intelligent Automation
Error-prone, manual processes make it hard for banks to keep up with changing compliance regulations and customer demands for fast, frictionless onboarding. Yet banks seeking to modernize processes shouldn’t rush into patchwork fixes that could create problems down the road.
So what are the essential considerations for a bank seeking to modernize?
Drawing on research from a 2018 survey of more than 100 financial institutions, this report reveals essential insights and considerations for banks seeking to optimize their compliance and onboarding processes, including:
Revealing top priorities and anticipated hurdles for KYC/CDD in the next 12-18 months
Leveraging smart, agile technology for onboarding customers and ensuring compliant workflows
Automating processes to eliminate manual errors that increase risk and customer defection rates
Choosing expandable architectures that easily adapt to fast-changing compliance regulations