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21 February 2019 - Accuity Insights

Making KYC Scalable and Sustainable with the New Bankers Almanac API

Know Your Customer (KYC) due diligence still involves sifting through realms of unstructured data, using manual and repetitive methods; and this is something we are helping the industry overcome. By offering our unrivalled intelligence on global financial institutions via our new Bankers Almanac: KYC API, we aim to help financial institutions with large-scale KYC operations to be more effective, drive efficiency, and make the KYC process more sustainable.
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22 October 2018 - Accuity Insights

Can fully automated KYC become a reality?

Banks desperately need to meet compliance requirements without slowing down transactions or damaging customer relationships, but KYC screening still involves sorting through huge amounts of unstructured data, using manual and repetitive processes.
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12 November 2015 - Accuity Insights

ACCPA: Rethinking Compliance in Africa

Compliance is both a global and local phenomenon. All over the world, compliance professionals are constantly seeking local expertise to solve their most challenging problems. The Association of Certified Compliance Professionals in Africa (ACCPA) plans to address these challenges by becoming a repository of ideas, expertise, and knowledge on compliance solutions specifically designed for Africa. In the ACCPA’s latest […]
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28 October 2015 - Accuity Insights

Is De-risking Riskier than a Risk-Based Approach?

In recent years we have seen a significant increase in anti-money laundering control failures. Various institutions have been subject to regulatory reviews resulting in fines, due to the lack of controls and appropriate Risk-Based Approach in place. As the fines are increasing year on year, banks are looking into ways to put a stop to these […]
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12 October 2015 - Accuity Insights

Iran Sanctions: What Happens When Iranian Banks Reconnect to SWIFT?

Iranian banks have been disconnected from the global platform that enables banks to settle cross border transactions since 2012. This platform, SWIFT (the Society for Worldwide Interbank Financial Telecommunications), is under the jurisdiction of the EU and it was because of sanctions that Iran entities were disconnected. When EU sanctions against Iran are lifted, it […]
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9 October 2015 - Accuity Insights

Iran Sanctions: The AML Policy Implications of the Deal

There are going to be some interesting grey areas for financial institutions regarding Iranian sanctions in the near future. The differences in scope between the regulators (in particular the US regulators compared to all the other regulators) could present certain dilemmas for banks – such as whether or not to trade with an Iranian related […]
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22 July 2015 - Accuity Insights

Identity Matching: Keeping On Top of High Data Volumes – What Are the Options?

Considering the huge amount of data that organisations now have to process for name screening, it is imperative that they have sophisticated filtering systems in place. Otherwise, they risk being overwhelmed by the data, either suffering multiple false positive alerts or worse still, missing relevant hits. There are various different approaches that organisations can use, […]
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15 July 2015 - Accuity Insights

Identity Matching: Getting Through the Numbers While Keeping the Hits Right

A huge challenge for organisations is the sheer quantity of data that needs to be processed now. Plus, it needs to be processed quickly and accurately. Accuracy is critical as organisations don’t want the situation whereby hits are missed that should have been picked up or lots of irrelevant hits are triggered. The volume of […]
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