pKYC: new blog alert!
We recently shared an article on Perpetual Know-Your-Customer (pKYC) covering 7 lessons taken from real-world deployments of Quantexa. No spoilers on the big 7, but you can expect content covering Graph Analytics, Data Accuracy and Automation. My favourite parts of these deployment-focused articles are when we back up our assertions with real client stories. For our loyal Community users, I’ve added a little more detail below: One bank incorporated 9 different data sources into their pKYC offering – both internal and external – achieving a 95% match rate between customers and external data. Another bank are automatically generating entity profiles that link existing customers to new applicants, rapidly assessing the overall entity against KYC metrics. This increased efficiency is leading them to roll out the Quantexa-based system to thousands of users. Have a read of the article here: pKYC: 7 Lessons Banks Can Learn - Quantexa If you would like more information on these case studies or need advice on embarking upon a KYC adventure of your own, please feel free to reach out!
Advancing Correspondent Banking Insights: Managing Respondent Banks Risk
As a follow up to my previous blog on Managing non-customer risk in Correspondent Banking, I have written a new blog on Managing Respondent Banks Risk. 3 key points from the new blog are: Correspondent Banking Risks: The article explores risks in correspondent banking, covering both macro and micro aspects. FATF Recommendations: FATF advises correspondent banks to manage risks through updated customer due diligence on Respondent Banks, considering their customer types, and profiles, with a focus on leveraging technology. Quantexa's Solution: Quantexa's Decision Intelligence platform, using Entity Resolution and Advanced Analytics, offers a tech-driven solution for understanding and managing risks in correspondent banking. Read more in the new blog: How to Manage Correspondent Banking Risk - Quantexa
How Contextual Monitoring is a game changer for Correspondent Banking AML
Join and for a short Fireside Chat session to learn more about Correspondent Banking and how next generation monitoring can help: Overarching topic: What can institutions do to improve their AML monitoring capabilities in the Correspondent Banking space. Can leveraging Entity Resolution and data enrichment reduce alert volumes and improve effectiveness in monitoring operations? You can also read more in our 'The Wild West of Banking' blog!
Network Analysis of ICIJ data shows how to stop Russian oligarchs in their tracks
I thought this was really cool and wanted to share. Complex systems of secrecy: the offshore networks of oligarchs: and to really rein in Putin’s allies’ wealth, governments should target their financial enablers, a new study suggests, read more here: Analysis of ICIJ data shows how to stop Russian oligarchs in their tracks - ICIJ To really rein in Putin’s allies’ wealth, governments should target their financial enablers, a new study suggests.
