Poor Know Your Customer (KYC) processes result in huge losses for businesses, U.S. commercial banks alone lose an estimated $3.3 billion per year on abandoned applications. And that number will only increase as ongoing KYC in banking receives sharper regulatory focus – customers hate to complete one KYC journey and they won’t be thrilled to do more. Ongoing KYC checks are a manual and time-consuming process that rapidly become out of date as customer needs shift but automating the process could free up your compliance team and create a better experience for your customers.
In this webinar, experts from Fenergo will show you how to create better KYC journeys for your customers by transforming the client experience with reduced system handoffs, eliminating data duplication, and improving operational efficiencies with streamlining tools to assist in KYC automation. We’ll also help you find out how you can reduce the total cost of ownership for KYC using SaaS solutions. And how to use your KYC data to unlock revenue potential and new opportunities with your client base.
Watch the on-demand session now to improve your KYC journey.
- Learn how to use KYC data to identify business opportunities fast
- Find out how to end account abandonment with smooth KYC journeys that convert
- Create a higher level of brand awareness
- Understand how ongoing KYC could send your compliance costs even higher without intervention
Watch now by by completing the registration form.