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.
Technological advancements have made a profound impact on banking and customers are expecting a faster turn-around with all banking services and products as well as their full online availability in self-service. While banks are becoming more direct, virtual, and international, they are also exposed to a bevy of security risks
and challenges. Additionally, they have to carefully reconcile the continuously increasing customer data volumes while respecting local regulations for data privacy.
In this context, Banks are constantly haunted by one question: “How can we offer the best customer
experience, while ensuring proper onboarding, due diligence, and full adherence to any applicable regulation?”
Serving the financial market for over three decades, read how IMTF is supporting banks in delivering the best CE while ensuring full compliance.
Download here our latest article on “Ensuring Compliance while Offering the Best Customer Experience“.
On September 18th, IMTF has organized in Honk-Kong a unique and exclusive Compliance lunch for CxOs to discuss the latest regulatory technology trends and how the compliance burden can be turned into highly competitive advantages.
We are pleased to share with you the summary of our latest experts’ gathering on how RegTech can help Asia’s banks, assets managers and advisory firms overcome the intensifying onboarding and client data management challenges.
Download here how “Can RegTech Help Solve Wealth Management’s Compliance Conundrum”.
The event has explored more specifically the following topics:
– RegTech – hype or a real requirement for the banks in the coming years?
– New Wealth from China. Source of wealth? Adverse media? Tax Compliance and CRS? What are your issues?
– New suitability requirements in Hong Kong – HOW have you interpreted them? How are you getting on top of them?
– AI – how will it impact regulation and compliance – how can it help? Will the regulators be happy if you use it (AI) – how does it fit with the regulators’ expectations?
– How will tech firms and digital wealth managers deal with their compliance and regulatory challenges?
– Automated KYC including digital onboarding and name screening. Lessons from Europe.
– Virtual Banking Licenses – challenges and opportunities
– Do banks have the relevant tools to fight AML and Fraud? What are the risks and how do you prevent them?
The automation and digitisation of the Client Onboarding & Lifecycle management are fundamental
Dr Andreas Wenger, APAC GM of IMTF – Swiss leader of process automation & digital transformation for the global financial industry since 1987– enlightened delegates of the Digital Wealth Forum in Singapore on how RegTech solutions can help FIs enhance customer experience, operational efficiency and compliance in onboarding.
Robo-advisory technology has been adopted to date mainly for investment offering and management – with the focus on middle-office tasks and applying and combining market data. However, a combination of data avail-able should allow investment managers to see where the full effects of digitalisation can impact client relationships, says Mark Buesser, chief executive officer of IMTF Group.
Read the full summary of the presentation held on June 15, 2017, at Hubbis Digital Wealth Asia in Singapore.