Mirela Ciobanu
06 Oct 2020 / 5 Min Read
The offering incorporates artificial intelligence (AI) from IBM Watson and analytics on the IBM Cloud to help financial institutions with the customer onboarding process. Onboarding a new client can often take weeks for a financial institution to complete.
Research undertaken by Forrester and Fenergo showed financial institutions that have implemented only partial onboarding solutions spend between two and 12 weeks to complete the new client onboarding process, according to the official press release. Moreover, financial penalties and sanctions can follow if anti-money laundering (AML) and know-your-client (KYC) regulations are not followed.
The offering is designed to incorporate analytics on the IBM Cloud to help assess the risk profile of a new customer, such as geography, money-movement behaviour and network, as well as AI built on IBM Watson to compile an analysis of the customer’s reputation based on publicly available information.
Mirela Ciobanu
06 Oct 2020 / 5 Min Read
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright