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Distributed compliance is the key to banks increasing CDD and KYC challenges

Artesian Solutions

The banking sector is well-versed in digital disruption. It also has many years of experience in utilising the potential for automation to deliver new efficiencies and banks and financial service institutions have become active adopters of digitisation. Distributed compliance – the future of CDD and KYC.

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What is Distributed Compliance and why do banks and financial services need it?

Artesian Solutions

According to McKinsey, the risk function within banking and financial services will have a dramatically different role by 2025. The detection, assessment and mitigation of risk must become part of the daily job of all bank employees and not only those in risk functions. Artesian calls this new approach Distributed Compliance.

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Advanced onboarding – Why banking and financial services must change its approach

Artesian Solutions

The impact of regulation and KYC adherence on customer onboarding in banking. This is especially an issue in the banking and financial services sector, where thanks to increased regulation and KYC requirements, customer experience is suffering. It costs banks an average of $40m per year to onboard new customers.

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Metro Bank Signs 3 Year Agreement for Artesian Solutions’ New Risk & Compliance Hub

Artesian Solutions

LONDON, England, June 25, 2019 – Metro Bank, the revolution in British Banking, has signed a three year deal with Artesian Solutions that will help catapult the fast growing UK based software company – better known for its sales engagement technology, into a new segment – technology-driven compliance and KYC management.

Banking 40
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Top Sales Enablement Conferences to Attend in 2024

Allego

2024 BISA Annual Convention — March 5-8, Hollywood, Florida BISA (the Bank Insurance & Securities Association’s annual event) will be back again in 2024. It may come as no surprise that this is my top-pick and favorite sales enablement event each year. The theme for 2024 is “Innovate Today. The theme for 2024 is “Innovate Today.

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A Guide to Fair Inflation Pricing

Hubspot Sales

Inflation product pricing is a tricky, nuanced process — how do you keep pace with inflation without alienating prospects and customers? Fair" is a frame of mind — it's a matter of prospect and customer perception. Try to identify other, non-price-related ways to compensate.

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The Lead List: 5 High-Growth Companies to Sell to in April

Crunchbase

With the collapse of both Silicon Valley Bank and Signature Bank last month, along with the sale of Credit Suisse to UBS , some finance leaders think a “ slow rolling crisis ” is coming for banks. All of this news sent the global banking system scrambling and reignited fears of a looming recession. Why Ably Corp.