Modernizing KYC: exploring the key challenges of ownership, data, and technology
Delve into the complexities of modern KYC practices and how to adapt your KYC strategies in response to increasingly sophisticated threats.
top of page
Is Your Data Match-ready for AML Compliance?
For many organizations, that’s a complicated question to answer – and an even more complicated problem to solve when the answer is no. Data quality is one of the most frequently mentioned problems by compliance teams, and regulators do not view data quality as a mitigating factor for screening failures. Or the data used for your operational needs is not suitable for compliance screening.
Before you can enhance your data, you must identify the errors and determine the best way to improve your compliance data quality. Organizations often rely on stretched internal IT departments or expensive consulting firms to address these issues. FinScan Reveal does it faster, better, and more cost effectively.
Regulations Call for Accurate, Complete, and Consistent Data
Lack of data governance and process verification are leading to increased enforcement actions around the world as regulators call for validation of the integrity, accuracy and quality of data to ensure that complete data flows through compliance systems. FinScan Reveal provides a complete overview of your compliance data to identify format inconsistencies and incomplete information.
Trustworthy results
Gain confidence in the integrity of the data flowing into your compliance systems
Expose hidden risk
Uncover gaps in data collection created during client onboarding
Strengthen Your Compliance Data Integrity
Whether this is your first assessment or a periodic review, FinScan Reveal can help. As you add new data sources, acquire a new company, or consolidate operations from other geographies, we recommend a periodic data reassessment. This will allow you to stay on top of the data flowing through all your compliance systems – and remain confident in your compliance activities and outcomes.
Featured Insights
bottom of page