Kyc.com speaks to Sivantos to understand challenges from the corporate perspective
Previously plagued by confusion in the market and slow-going momentum, the financial services industry is now at an inflection point for adoption of KYC utilities. The question no longer is whether to join a utility; it’s at what point you should join.
Effective KYC has always been a technical challenge for financial institutions doing business in the diverse region that is Asia Pacific. Yet new research by Regulation Asia and Markit reveals the impact of Asia Pacific’s KYC challenge now runs even deeper – it is prompting a majority of market participants to not only rethink internal processes and infrastructure, but also to consider the very direction of their APAC business.
Jon May, chief executive officer of kyc.com, speaks with Citywire Asia on the challenge of KYC in Asia.
Know your customer (KYC) utilities are addressing the challenge of divergent regulatory standards while the legal entity identifier (LEI) initiative could further shake-up the compliance industry – for the better.
The cost of compliance continues to be one of the hot issues in financial services. Year on year spend seems to increase but the question still remains – are the investments delivering a return and improving compliance? The short answer, not yet.
Download a copy of the Celent research note on combatting redundancy, enabling faster client onboarding and developing best practices with a connected due diligence platform.
Industry experts from Deutsche Bank, HSBC, Venn Partners and kyc.com discuss connected due diligence processes across the regulatory and compliance ecosystem.
Banks, buysides and corporates are all squaring up to the demands of KYC. One thing they all have in common is the tussle between gathering accurate information and trade execution.
KYC processes aren’t a competitive differentiator but they are critical processes. Only when firms have centralised the process, coalesced the data and met the necessary requirements can they be ready to transact.
KYC compliance is essential if firms are to be ready to transact with their counterparts. Experts from HSBC, Deutsche Bank, Venn Partners and kyc.com discuss the main challenges firms face.
KYC industry experts from HSBC, Deutsche Bank, Venn Partners and kyc.com discuss streamlining KYC processes. Where is the best place to start?
One of the key KYC challenges in Asia is regional variation. Hong Kong regulators are taking the lead says kyc.com’s CEO Jon May.
On May 7 2015, Markit held a webcast with FinanceAsia and UBS to discuss how the industry is evolving to help firms meet KYC requirement in a cost effective way.