Know Your Customer Solution Evolution
This IDC Perspective discusses the evolution of the know your customer (KYC) solution."The processes and availability technology for conducting know your customer functions at banks are evolving due to cloud computing, expanded data sets, and the integration of KYC solutions with other financial crime compliance solutions." — Sean O'Malley, research director, IDC Financial Insights' Worldwide Compliance, Fraud, and Risk Analytics Strategies
Please Note: Extended description available upon request.
- Executive Snapshot
- Situation Overview
- KYC Maturity
- KYC — Rule-Based Approach
- KYC — Risk-Based Approach
- Data Privacy
- Data Security
- AI and Expanded Data Sets
- Periodic Review Versus Real-Time Updates
- Client Life-Cycle Management
- Integration with Other Financial Crime Solutions (Transaction Monitoring and Fraud)
- Advice for the Technology Buyer
- Learn More
- Related Research
- Synopsis
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