For banks, finding a more efficient way to comply with anti-money-laundering (AML) and know-your-customer (KYC) regulations is a high priority. For corporate clients, prompts from multiple banks to update their data in similar, but not uniform, ways, make KYC/AML compliance an aggravating chore. The market lacks client-centric KYC solutions that would allow corporates to centrally control their data and provide access internationally to selected banks and their subsidiaries.

To help solving the KYC challenge, this report focuses on:

• The growing regulatory pressure and fines, and increasing KYC costs for banks
• The elements of existing approaches that have worked and where they have fallen short – specifically, banks’ internal improvement programs, outsourcing KYC to third-party services providers, shared data utilities serving national or regional groups, and existing data sharing networks
• What will be needed to establish a successful multi-jurisdictional model.

Register now and find out which model will finally create a network that realizes the full potential of the technology and services available.