Saturday, February 4, 2023

High Tech AML in The US

By DAC000 , in Regtech , at July 29, 2022 Tags:

driven by Regtech startups that are heavily automating KYC. About a one minute read.

Comment: ok, good stuff. Its amazing how long some financial institutions take to onboard, as they persist in manual and labour intensive processes. There is also some degree of systemic risk, as different vendors often have different criteria for the KYC decision. Not optimal, as it may give rise to counterparty risk between any two financial institutions.