Identifying and verifying corporate banking customers shouldn't be the time-guzzling, resource-draining, manual effort it is today. At present, it can take banks months of research and analysis to ...

Financial institutions across the United States have grappled with compliance requirements under the Customer Identification Program (CIP) Rule for more than two decades. A new exemption, approved in ...

The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has recently taken steps to expand the reach of the Bank Secrecy Act (BSA) and related ...

This article originally appeared in the December 2007 issue of Business Communications Review magazine. Most customer service executives spend a considerable amount of time thinking about the need to ...

In Ukraine remote customer identification and the option to become a bank customer online has been officially in place since 2020, and at present nearly 40 banks out of 63 operating on the market have ...

In January 2020, the Reserve Bank of India announced a major amendment in the know-your-customer (KYC) norms for banks and other lending institutions under its purview to permit the use of video-based ...