Understand your business customers to better manage compliance risk
Managing compliance risk doesn’t have to be costly and time-consuming Financial Crime regulations that banks, financial services, payment service providers and many other organisations must...
Safeguarding £1 million every week to help ensure crime doesn’t…
Global money laundering losses are currently estimated to top US$1 Trillion1 a year, with stolen and illicit funds being used to finance everything from terrorism, the illegal drug trade, people...
Know your customer (KYC) assessment and remediation – verify existing…
Know your customer checks (KYC) support companies in ensuring that their customers are not involved in financial crime or fraud by verifying the individual and business they’re doing business...
How to approach good data management
Data quality is a crucial aspect of attaining good data management. With the GDPR, regulations such as Open Banking and mandates like KYC, it is imperative that organisations investigate, assess,...
What does the GDPR means for business data?
The GDPR came in to affect this May and is relevant for both business and consumer data. Steve Fox, Experian’s Head of Major Accounts, gives an overview of what the GDPR means for you and how you...
What you need to understand about AML in commercial lending
AML and KYC are mandates that not only affect consumers, but businesses too. When assessing the risk within a business you must verify that the business exists, verify its directors and also...
Silos just won’t work anymore. But what will? Customer focus.
Figures show the people in the UK owed £1.532 trillion at the end of April 2017. This is up from £1.485 trillion at the end of April 2016 – an extra £886.84 per UK adult. May’s Office of...