RegTech changes. The dynamic, complex and constantly changing spectrum of laws, directives and regulations requires new solutions for efficiency and effectiveness. Discover at our Compliance Breakfast how the IMTF RegTech modules – a single platform for compliance and anti-financial crime – can help you improve your daily work, automate screening and connect the dots within your organisation.
We would like to invite you to the IMTF Compliance Breakfast and discuss the latest challenges and solutions with you.
Save the Date
IMTF Compliance Breakfast
September 8, Zurich
September 10, Geneva
Three Reasons to Attend
Discover our AI-enabled compliance suite
Discuss with us about lower workload for employees
Exchange views with us on standards & best practices
IMTF, the Leading Swiss provider of RegTech solutions in the financial service industry since 1987, has reinforced its APAC focus and presence with the nomination of Jordan Lo to the company’s management team.
Jordan Lo will take over as APAC General Manager on June 1st, 2020 and will focus his activities both on the successful implementation of ongoing and challenging projects in the APAC region and the increasing demand for IMTF RegTech solutions.
Jordan Lo is Singaporean and comes with extensive experience in the financial sector, banking technology, and management consulting. For the last 2 years, Jordan has already been working with IMTF Singapore as Senior Project Leader and has shown that he has a deep understanding of the current challenges facing banks in the region and, more importantly, that he can deliver.
Jordan Lo will be instrumental in supporting banks, asset managers and insurers in their digital transformation. Together with the IMTF Singapore team, he will be managing projects with IMTF’s leading RegTech application platform, particularly in the fields of Client Lifecycle Management, Onboarding, KYC and AML automation.
“Our ambition is to support APAC financial institutions of all types to enhance their digital propositions and user experience,” says Mark Büsser, IMTF group CEO. “Firms wishing to maintain a competitive edge will need to invest in innovative and automated Regulatory technology to assure client relations, keep up with changing regulations and reduce cost. We have a deep understanding of today’s challenging financial environment and an extensive expertise to support banks in meeting their needs for evolution, efficiency and faster time to market.”
About IMTF RegTech platform
IMTF’s modular RegTech platform is the result of convergence of compliance and technology and improves your agility to automate and adapt to changing regulations. It aims to simplify and accelerate compliance with legal requirements linked to Name Screening, KYC, Enhanced Due Diligence, Onboarding, Client Lifecycle Management, AML, tax and market compliance and to automate processes.
IMTF group: Swiss Excellence with a Global Perspective
We engineer compliant and more productive Automation Solutions for the Financial Service Industry. The focus is on Client Lifecycle Management, AML/KYC Compliance and Enterprise Information Management. Our comprehensive platform offerings build on proprietary, world-class technology. HQ are in Switzerland (Givisiez, Basel, Zürich); internationally we operate from Paris, Luxembourg, Vienna, Dubai, Mumbai, and Singapore.
Our solutions improve Operational Efficiencies, Compliance, data availability and user experience:
– Onboarding & Client Life Cycle Management
– KYC, AML and Trading Compliance
– Name Screening and Semantic Background Searches (Identity Intelligence)
– ECM / EIM / DMS functions for all business processes
– Adaptive Case Management and Collaboration
– Fraud detection & prevention
– Agile development of custom-built solutions
Customers in over 50 countries use our solutions for growth opportunities, operational efficiency, compliance and risk management.
How Cognitive Automation Can Help to Assess and Mitigate Third-Party Risk
Mark Buesser, Chief Executive Officer of RegTech company IMTF, has a wealth of experience in the world of wealth management and digitisation. He addressed delegates at the Hubbis Compliance in Asian Wealth Management Forum to explain the need for intermediaries and advisers to understand relevant risks and then tailor risk assessment, leveraging enhanced technology with quality data sources. He told them how AI and Contextual Analysis provide the platform on which IMTF's 'I-match' and 'Find-it' are based.
Buesser began by explaining that KYC an Source of Wealth Protocols today at the Wealth Management firms remain stuck in a traditional approach of finding anomalies, exceptions and pointing towards financial crime, but with little precision.
'If you have the technology,' he noted, 'your systems will likely be generating hundreds or thousands of false positives alerts, while very often you have no clue why the alert arose. Moreover, the information flows are expanding all the time, and so do the demands of regulators, and in business, the products and services which you are offering are both growing and evolving all the time.'
How then do FIs cope, Buesser pondered, especially with layered concerns also about GDPR, reporting, consolidation and data management in general? 'Well actually,' he said, offering the audience some hope, 'technology can not only help you to find solutions to these actual and imminent problems but also to find solutions for the various stakeholders in your bank or your firm who have to be concerned with all of these issues, so that if risk is detected the right people are basically triggered to a decision or an action. Ultimately, the right technology should be able to help you achieve an excellent user and employee experience.'
However, Buesser warned that most technology is still not fit for the purpose, with probably 85% of algorithms employed being outmoded, and open source investigation (for example via 'Googling') is not in any way efficient for these tasks, and tend to also create other false positives. 'I have some numbers from one bank,' he said, 'reporting that it takes on average 2.5 minutes just to work out one false positive, so if you have 10,000 – and we have seen some banks that have hundreds of thousands a year – that would be 52 man-days of work. That is not an efficient use of time or money. However, I also know from research into private banking that while most would say technology is critical, they face significant budgetary constraints. That must change if they want to enjoy what technology truly can offer today.' […]
Download the full PDF:
Mark Büsser, VPR and CEO of IMTF, will be speaking on the subject of “Bringing Cognitive Automation into 3rd Party Risk Assessment”.The presentation will focus on:
– Understanding relevant risks to tailor risk assessment
– Combining enhanced technology with quality data sources
– AI and Contextual Analysis as the base of IMTF’s I-Match and Find-it
Join us in Singapore and learn more about our NextGen RegTech solutions!
We are pleased to share the summary of our latest experts’ gathering with you, you can download it here.
Customer name screening and investigation within banks and financial institutions are undoubtedly time-consuming manual tasks that drastically affect productivity and the bottom line.
Combined with the necessity to comply with rapidly evolving regulatory prerequisites to ward off money laundering and tax evasion while meeting customer preferences and increase expectations, automation emerges as the strategic initiative to transform the traditional regulatory landscape and facilitate efficient utilization of resources.
IMTF group has been ranked as among the Top 10 RegTech Solution Providers for 2019 in the APAC region by THE APAC CIO Outlook magazine.
APAC CIO Outlook is one of most well-respected technology media organizations in the APAC region. The listing is based on independent research conducted by the magazine on our solutions for financial institutions, plus our innovating spirit to best support our clients in achieving compliance.
In its September issue, the magazine has featured an interview with Dr. Andreas Wenger, APAC Managing Director for IMTF group.
Wenger speaks about the various challenges faced by the financial industry and how our modular RegTech platform can help Financial Institutions overcome these challenges holistically.
Read the interview here: APAC CIO Outlook Interview
The full September issue is accessible here.
Rejoignez-nous mardi 24 septembre prochain, dès 9 heures, à notre Forum annuel dédié à la Conformité, pour échanger connaissances et expériences relatives à la conformité, ainsi que les meilleures pratiques et approches pour faire face aux défis posés par les normes actuelles, ainsi que les nouvelles.
Les thèmes abordés durant les sessions du forum comprennent:
– La numérisation au service de la prospection, EER, développement et fidélisation
– L’Intelligence Artificielle (IA) pour une efficacité et satisfaction client maximisées
– Les risques opérationnels et réglementaires réduits grâce à un KYC/EDD aux multiples algorithmes
– Etude de cas : l’IA dans le processus de Screening
L’inscription est gratuite pour vous et vos collègues. Les places pour cet événement étant limitées, nous vous invitons à vous inscrire d’ici au vendredi 20 septembre.
Nous nous réjouissons de vous accueillir au Castille Paris, sis 33-37 rue Cambon, 1er arrondissement.
17 octobre, Jakarta
Indonesian Wealth Management