KYC

Three people in a KYC meeting

The Future of KYC/AML Compliance

Ankit Tanwar Leave a comment

KYC (Know Your Customer) and AML (Anti-Money Laundering) have always been crucial components of the financial industry. With an ever-growing interconnected global economy, ensuring the legitimacy of transactions and protecting against fraudulent activities is paramount. The processes are not without their challenges: Time-Consuming: The traditional process can be lengthy, requiring multiple documents and verification steps. Expensive: With manual processes, the cost of compliance can skyrocket. Inconsistent Regulations: Different countries have…

Revolutionizing Regulation with Perpetual KYC

Dinesh Chandra Leave a comment

Know your customer (KYC) is a basic step in finance. It checks who customers are and measures risk. But now, there’s a new method called perpetual KYC (pKYC). The old KYC only checked customers once. With pKYC, that’s changing. It’s not just a one-time check anymore. It’s an ongoing process that keeps updating. So, what’s the difference? Regular KYC might update every 2, 8, or 10 years. pKYC keeps checking…

How To: Effectively Manage Staff Workload

Clara Khoo Leave a comment

In any organization, staffing management is an essential factor in ensuring that the company is effectively utilizing their resources. According to EconomicsDiscussion, it ensures that all employees are given a role to execute, and that it is done well. However, this is easier said than done.

Mental Health and Workplace Attrition

Clara Khoo Leave a comment

Productivity in the workplace is essential for a company to drive growth. One could think of it as a car with good wheels. If the condition of the wheels is compromised, the car would not be able to travel far. Covid-19, akin to a poorly maintained road damaging the tires, has been a looming threat to workplace productivity.