Why Your KYB is Only as Good as Your KYC

Why Your KYB is Only as Good as Your KYC

In 2022, global fines for failing to prevent money laundering (AML) and other financial crime surged more than 50 percent, totaling more than $2 billion in the banking sector alone. With the ever-increasing complexity of AML regulations and the global nature of financial services, financial institutions are investing more resources into compliance and due diligence to protect their businesses. 

Join us for an engaging conversation about the complexity of Know Your Business (KYB) and Know Your Customer (KYC) regulations and discover how a single, integrated identity platform can help streamline the process of truly knowing the entity and the people you are doing business with.

In this webinar, you will learn: 

  • The latest trends in KYB and KYC and how to protect your business
  • How artificial intelligence can help streamline tedious, manual verification processes
  • New strategies for verifying people and businesses with an integrated identity platform

In collaboration with

Can’t join us live? Register now, and we’ll send you the recording. 

Speakers:

  • Kiran Kumar, VP Product Management, Trulioo
  • Coleen Carey, VP, Product Marketing, Trulioo

Finovate Webinar: Successful Client Onboarding – Take Out the Guesswork with the Right Metric

Finovate Webinar: Successful Client Onboarding – Take Out the Guesswork with the Right Metric

Getting that signature on the contract is a great feeling reflecting weeks, months, or, sometimes, years of effort. However, this moment is only the beginning of the process of earning the confidence and realizing the mutual benefits for both parties. During the client onboarding process, you lay the foundation of trust with your customer, a crucial factor in client retention.

With a 77% customer retention rate*, optimizing the customer onboarding process is crucial. Improving your onboarding process without comprehensive data and insights is like navigating with no map. Establishing and keeping track of the right onboarding metrics is the key to accomplishing this.

In this webinar, our group of talented onboarding expert panelists will discuss the best metrics to put in place to help deliver the optimal customer onboarding experience for your organization. We’ll start with a review of the most popular metrics. Panelists will share the best practices for introducing these metrics into your company and helping make the process tracking a sustainable operating practice. We’ll also share some helpful tips and resources to help you get started.

Finovate Webinar: 7 Trends for Community Financial Services in 2023

Finovate Webinar: 7 Trends for Community Financial Services in 2023

Recession. Widespread staffing shortages. Increasing fraud. Customer demands — and advancements in technology like we’ve never seen. We’ve learned a lot about the current industry landscape so far in this first quarter alone, but there are still questions that loom large. Such as:

  • Will the threat of fraud ever go away?
  • Can my call center really become a revenue generator?
  • How will pending legislation around real-time payments and open finance affect our customers?
  • Should we really consider using TikTok?

Watch this Finovate webinar, in collaboration with Eltropy, on demand, and find out the top seven trends that CFIs like you should be focusing on in the coming year. You’ll discover:

  • Which trends are the most crucial to ensure success for your CFI this year
  • How the right digital strategies and tools can make or break your institution
  • Examples of what’s working and what’s not in financial services

You’ll hear from Jonny Manousaridis, social media & customer marketing manager, Eltropy, and banking strategy expert David Hall.

Digital Identity: Fintech’s Key to Unlocking Growth

Digital Identity: Fintech’s Key to Unlocking Growth

In today’s digital-first environment, fraud threats are growing in sophistication and scope, and risks of online and financial crime have intensified. At the same time, fintechs are prioritizing growth, and need to do so in a way that is safe, secure, and keeps bad actors out. 

Watch back on this Finovate webinar, with Experian Chief Innovation Officer for Decision Analytics Kathleen Peters, as she explores the meaning of digital identity, and how fintechs can leverage identity-proofing strategies to position themselves for growth without diminishing security. Learn:

  • The role of digital identities in advancing increased personalization, speed, and growth responsibly in fintech and financial services
  • How data can aid in making smart, risk-based decisions across the user journey 
  • How to unlock financial growth opportunities by offering solutions to previously unavailable consumers due to verification constraints

Onboarding: Customizing the User Journey

Onboarding: Customizing the User Journey

The first step of the customer journey is often a user’s onboarding on a platform or application. This critical phase predicates how a user interacts with a business, and often cements their first impression and subsequent brand loyalty.

Identity verification plays an important role in ensuring a user exists and is who they say they are. But businesses must strike a fine balance of friction and convenience. Too little friction in the identity verification process might result in bad actors flooding in. This can damage a business’s reputation, and give the impression that a platform is unsafe. Too much friction might result in user frustration and attrition.

How can businesses seamlessly and securely onboard users? Orchestration holds the key to unlocking customer-centric practices, customizing the user journey, and ultimately ensuring legitimate users are allowed in while bad actors are stopped.

Watch this webinar featuring Hal Lonas, Trulioo Chief Technology Officer, on

  • What identity proofing orchestration entails and how active and passive methods of authentication can be layered during the onboarding process
  • How orchestration goes hand-in-hand with a risk-based approach to onboarding and establishing trust and safety between businesses and users
  • What business, customer risk, and regulatory factors to consider when adopting a risk-based approach 

Driving World-Class SME Lending Experiences

Driving World-Class SME Lending Experiences

How to power rapid approvals and accelerate your SME lending processes

Forty-four percent of SMEs look to funding to meet operating expenses, with this number expected to grow considerably during times of economic uncertainty. Fifty-six percent of SMEs seek funds to expand business operations or to pursue new market opportunities. But waiting months or even weeks for credit approval and funding can mean the difference between innovation and business closure.

Traditional financial services organizations may find lending to SMEs difficult, but fintechs are rising to the challenge. Simplified application processes, rapid approvals, and access to funds quickly makes working with digital lenders an obviously attractive choice. 

Because if you aren’t making it easy for SMEs to get the credit they need, your competitors will.

Catch up on this panel discussion with industry experts, in collaboration with Provenir, and discover how to:
•    Power faster, simplified application processes 
•    Make smarter, faster decisions and get to market faster
•    Future-proof your decision technology to keep up as market trends/demands evolve
•    Use advanced, predictive analytics like AI to keep risk in check

Featuring Corinne Llelti, Commercial Sales Director, EMEA, Provenir; Alex Daly
Chief Finance and Risk Officer, Ask Inclusive Finance Group; and Julie Muhn, Senior Research Analyst, Finovate.

The Hidden Costs of Fraud and Dispute Management: Where to Automate the Process and Reduce Losses

The Hidden Costs of Fraud and Dispute Management: Where to Automate the Process and Reduce Losses

The fintech and payments industries are rapidly evolving. Isn’t it time fraud and dispute management processes did as well? Financial institutions not seeking alternatives to legacy infrastructure are constrained in their ability to automate and streamline lengthy and manual processes, such as chargeback management.

In this webinar, Quavo’s SVP, Revenue Executive Brittany Usher, and KeyBank’s Head of Enterprise Fraud Services, Jen Martin, will join Finovate’s Julie Muhn to discuss initial steps toward automation for issuing financial institutions seeking to overhaul their pre-existing manual and legacy systems. Along with providing business case examples, Brittany and Jen will elaborate on the lessons learned from implementing new software, conducting a cost analysis examining price per transaction, chargeback recoveries, manual intervention, fines, and overhead costs.

Covering:

  • Discover tips on the first steps to take when seeking to overhaul preexisting manual/legacy systems with real life examples and lessons learned. This is a common obstacle to implementing new software. 
  • Learn how to set up data requirements, merchant collab software, accounting, and more.
  • Conduct current cost analysis – price per transaction, chargeback recovery, manual intervention, fines, overhead, and more.

Bridging the Gap: Connecting Banks with Fintech Applications to Accelerate Innovation

Bridging the Gap: Connecting Banks with Fintech Applications to Accelerate Innovation

The rate of innovation within the financial services sector has increased dramatically. As traditional financial services organizations attempt to keep pace, they often leverage technology from fintech providers to quickly develop or provision new cloud-based applications.

As a result, over half of fintechs globally are looking to implement new technologies that will support financial service organizations to better meet customer demand, enhance agility, and improve competitiveness. 

In order to achieve these goals, financial services organizations need to be able to easily leverage and provision new fintech services and applications, and to seamlessly integrate their existing production applications and data sources with these applications.

This is where a real-time bidirectional data gateway comes in.

This webinar will discuss how a seamless connection between cloud-based fintech applications and financial services customers’ production applications and data assets will enable faster innovation to execute a wide range of business initiatives, from offering more personalized services tailored to individual customers to streamlining operations and improving compliance with regulations. 

In collaboration with InterSystems, watch back on this webinar featuring:

  • Joe Lichtenberg, Product and Industry Marketing Director, InterSystems
  • Michael Hom, Head of Financial Services Solutions, InterSystems
  • Moderated by David Penn, Research Analyst, Finovate

Photo by Klas Tauberman

Finovate Webinar: Great Digital Experiences Can’t Be Bought – They Must Be Built

Finovate Webinar: Great Digital Experiences Can’t Be Bought – They Must Be Built

Great digital experiences can showcase the unique differentiation in your banking products and services. But such great digital experiences can’t be bought – they have to be built. And customers need this great digital experience to choose you to do business with.

However organizations often struggle to assemble the needed development and deployment tools to create these great experiences, and to scale them successfully.

While you may not be able to buy a great digital experience, you can buy the platform on which to build one. This platform is known as a Digital Platform-as-a-Service (PaaS), running in the cloud. The Digital PaaS provides everything you need to reduce the innovation time for cloud-based digital applications, resulting in the ability to iterate quickly and continuously improve the experience.

Watch this webinar, in collaboration with WSO2, to explore:

  • Better techniques to speed up innovation and meet client demands
  • How to simplify the complexity of modern innovation platforms
  • The benefits of the cloud or digital applications, and how to implement a PaaS solution into your strategy
  • Q&A with the speakers, addressing your burning questions and thoughts

Featuring Eric Newcomer, CTO at WSO2 and David Penn, Finovate Research Analyst.

Finovate Webinar: AI in Fintech – Driving Innovation, Inclusion, and Impact

Finovate Webinar: AI in Fintech – Driving Innovation, Inclusion, and Impact

Upcoming Webinar: AI in Fintech: Driving innovation, inclusion, and impact
Date: Thursday, April 28, 2022 | Time: 02:00 PM British Summer Time

Artificial intelligence is more than just the latest buzzword – using AI has a meaningful impact on decisions across the entire customer lifecycle. From improving fraud detection and decisioning accuracy to optimizing pricing and managing bias, AI has a key role to play in changing the way financial services products are developed and offered to customers.

Join the upcoming Finovate webinar for a panel discussion covering how AI can:

  • Improve fraud detection and identify pre-delinquency patterns
  • Power financial inclusion with alternative data
  • Enable business growth with faster onboarding and optimized pricing for a personalized, superior customer experience
  • Expand your customer base without increasing your risk

Who is on the panel?

Lorenzo Blesa, Global Head of Risk Strategy &
Tech-Data-ESG Projects and Operations, BBVA

Carol Hamilton, Senior Vice President, Global Solutions, Provenir

David Penn, Research Analyst, Finovate

Register now >>

Finovate Webinar: Enhance Customer Lifetime Value and Optimize Operating Efficiency in Mortgage Processing

Finovate Webinar: Enhance Customer Lifetime Value and Optimize Operating Efficiency in Mortgage Processing

Artificial intelligence and automation have been at the forefront of the financial services industry. This rapid digital acceleration driven by the pandemic has forced lenders to modernize their lending ecosystem to stay relevant in the new normal.

Today you know that the success of your business depends vastly on your ability to use technologies to harness the power of data and provide hyper-personalized products and services to your customers. However, only 40% of lenders believe they have the required digital capabilities to undertake such a transformation.

Watch for this intriguing discussion as top experts from Quantiphi discuss how AI-first digital engineering can re-imagine traditional lending processes to help you enhance customer lifetime value and reduce operating costs in this highly competitive business environment.

Featuring: 

  • Sanjeev Sethi, Head – Banking & Financial Services, Quantiphi
  • Vijay Mannur, Practice Head – Marketing Analytics, Quantiphi
  • Milind Wasaikar, Client Service Executive, Quantiphi
  • Moderated by: Julie Muhn, Senior Analyst, Finovate

Photo by Kindel Media from Pexels

Gloss Without the Undercoat? The Longer-Term Results of Digitizing Without the Right Foundations

Gloss Without the Undercoat? The Longer-Term Results of Digitizing Without the Right Foundations

Title: Gloss without the undercoat? The longer-term results of digitizing without the right foundations
Duration: 1 hour

With staff costs at around 50% of all operational expenditure in some banks, it’s easy to see why reducing the human element from the banking relationship can be attractive. Digital take-up rates received a massive bump during the recent pandemic, which has added weight to the notion that banking employees are not as necessary as they once were.

But can you reduce your resource levels once you’ve pushed customers to the digital channel?

Recent evidence suggests that the drive towards digital without careful attention being paid to the experience the customer receives can lead to unexpected costs.

Catch up on this #FinovateWebinar with Bob Meara, Senior Analyst for Retail and Corporate Banking at Celent, and Andrew Stevens, Global Principal for Financial Services at Quadient, as they analyze new research results, uncover critical gaps in the customer experience, and recommend practical steps to join digital transformation with longer term sustainable cost savings.


Photo by Michael Dziedzic on Unsplash