Building an Optimal KYC Process: Are High Pass Rates the Goal?

Many organizations struggle to balance efficiency with stringent regulatory requirements. Achieving high pass rates is often seen as the ultimate goal, but does this truly indicate efficient KYC?

Despite the availability of sophisticated verification tools, many institutions face challenges such as false positives, identity fraud, and the need for a more seamless customer experience. The pressure to comply with AML regulations while minimizing customer friction adds to the complexity.

This webinar will cover how to build a KYC process that ensures compliance, enhances customer satisfaction, and mitigates risks effectively.

Topics covered:

– Understanding the KYC global landscape: Key regulatory requirements and compliance challenges

– Why high pass rates are not the only indicator of successful KYC

– How to design an effective KYC Process

– Case studies and real-world examples

– Future KYC trends