Dealflo’s CEO Abe Smith recently presented at the KYC & AML Summit Europe in London, discussing how financial services companies can use technology to improve the customer experience and mitigate risk in customer onboarding
As well as discussing best practices for KYC & AML in customer onboarding, Smith discussed how financial services can balance best-in-class user experience with risk mitigation through the automation of financial agreements. He went on to explain how the end-to-end automation of customer onboarding is key to minimising transaction risks, both to the customer and the provider.
The KYC & AML Summit is held under the agenda of “Integrating collaborative, global approach to your KYC, client onboarding and AML and aims to “explore how firms can reinvent identity authentication and KYC for the digital age to enable cheaper, quicker and more user-centric onboarding”.
Senior KYC, AML, Compliance and Digital professionals from leading financial services attended the conference. Speakers included representatives from Barclays, Allianz, Mastercard and Commerzbank.
The programme also addressed how financial services can collaborate on KYC, AML and sanctions issues, using the latest technologies to improve the efficiency of KYC compliance.
In an interview ahead of the event, Smith explained how technology platforms that act as a hub for various KYC checks offer financial services companies the best of both worlds when it comes to KYC – a seamless customer experience, and a flexible and configurable service which can accommodate the most appropriate KYC method for each transaction.
The one-day event was organised by Finance Edge. Further details can be found on the website: http://finance-edge.com/kycamleu/.