risk management solutions, compliance solution, kyc verification - KYC Portal CLM
There is no question that the #regtech and #fintech markets are bringing to the table reams of opportunity for any business that needs to keep in line with the ever growing needs of regulators. This is something that is happening across the globe. Whilst the western economy is already fully geared up and regulations are becoming more cumbersome by the day, we are seeing other continents such as Asia, India and the gulf that are seeking such technologies to start getting in line with what the west is doing so that they attract more investment.

The advantages that such solutions are bringing to the table are making the process of compliance incredibly more efficient, and most importantly they are reducing the risk that organisations are running on their own data, saving not only on fines but also on reputation – something that nowadays is key and above everything else.

YET, why aren’t we seeing huge shifts to digitisation? The only way forward is automation no questions asked, however, the up-take of such technologies is slow and painful. The larger the organisation the longer the gestation period, however such technologies lead to the larger benefit. Organisations still prefer to throw more people at the issue hoping that one day “we will catch up”.

I do appreciate the challenges imposed by such a shift in culture and thinking. It requires time, internal politics, resource allocation and many other huge issues to address. Whatever the case, it makes commercial sense, so everyone is looking into such application of technology with a view of “its working fine for the time being, we’ll look at this eventually”.

I strongly believe that the reason behind this is purely based on the fact that no one realises by how much the impact of such technology will save the firm, not only in cost savings but on safe-guarding their reputation and reducing their exposure to risk.

This is why we launched the ROI calculator for companies who conduct compliance and AML due diligence on their subjects. This very short anonymous survey will help us in giving you the percentage return on your investment of KYC Portal and also the ancillary advantage that it brings to the table.

Give it a go, it will only take you 2 minutes but an eye-opener as to how fast you should be addressing such technologies.

CLICK HERE for your ROI Survey Report

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