Know Your Customer beyond compliance view

Know Your Customer beyond compliance view

In 2007, monoline crisis started a rippling effect that still echoes today contributing to shape a framework for financial institutions worldwide. This framework takes its roots in regulations learnt from those crisis e.g. Basel III with liquidity coverage ratio, regulations fed by sanctions and embargoes driven by country policies e.g. sanction against Iran. Data privacy regulations e.g. RGPD linked to the growth of big data are also molding the landscape.…

Handling Compliance Complexity

Handling Compliance Complexity

Compliance is about values and brand, it matters. As I have exposed it before, Compliance in general and Financial Security in particular are complex and very sensitive matters. Complex for they imply to adapt business and operating models to regulatory constraints as well as many other parameters: client types, geography, financial products and activities. All these elements are key in the equation that will deliver the most resilient efficient and…