Real-Time – Know Your Customer (RT–KYC) Whitepaper by Capgemini

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High-quality real-time data management is becoming a mandate for KYC. These building blocks allow companies to save time and costs, achieve regulatory-driven accuracy, and allow organizations to better understand their customers’ behaviors and financial needs.

The rules of the game are changing. Data relevancy, recency, and accuracy are becoming the most important aspects for regulatory agencies to measure the accuracy of KYC programs within organizations.  All organizations have an increasing need of making real-time KYC an integral part of their ecosystem due to regulatory pressures to be as accurate as possible.

Also, the recent trend has shifted towards a more collective approach for compliance, with notable efforts to standardize and harmonize KYC data and policies, both internally and at the multi-financial-institutions level. One thing has become clear: there is a growing need for KYC IT infrastructures to connect seamlessly across business lines and/or geographies to bring more effectiveness and real-time capabilities to current systems.

An early adoption of real-time KYC by each organization is necessary to avoid cost overheads and inefficiencies associated with continuing with conventional client due diligence and thus necessitates detailed study of all enabling factors, allowing an organization to achieve the end objective of real time in a true sense.

Real-Time – Know Your...

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Featured Expert

Manorama Kulkarni

Executive professional with 23 years of experience in Banking and Financial Services. She advises client on world class solutions /frame work / Policy Implementation with Insights and Data circles of Technology and Domain.

Mathias ROS

As an experienced business analyst and project manager, I support my customers in the design, build and operation of data sharing solutions, with a specific focus on Distributed Ledger Technology solutions. My main priorities are on connecting business ecosystems, especially to improve client and third party management interactions, but also improving overall data sharing processes with automation and traceability

Mangesh Gholap

CAMS Certified Project Manager & Financial Business Analyst with 13+ years of experience in providing advisory services & solutions across the spectrum of regulatory change. Mangesh has an in-depth understanding of Capital Markets & Financial Risk and Compliance including Anti Money Laundering (AML), Know your Customer (KYC), Client Onboarding, Sanctions Screening and PEGA BPM technology.