{"id":17124,"date":"2023-05-28T19:14:40","date_gmt":"2023-05-28T19:14:40","guid":{"rendered":"https:\/\/bulletins.bfconsulting.com\/?p=17124"},"modified":"2023-05-28T19:14:40","modified_gmt":"2023-05-28T19:14:40","slug":"why-kyc-automation-is-key-for-business-growth","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/why-kyc-automation-is-key-for-business-growth\/","title":{"rendered":"Why KYC Automation Is Key for Business Growth"},"content":{"rendered":"<p>The financial services industry is witnessing a growing emphasis on digital transformation as industry players attempt to meet rising customer expectations and improve their business efficiencies. At the same time, regulatory compliance still remains a priority. Traditional know-your-customer (KYC) processes in financial institutions rely on manual systems and often overlook and downplay innovative solutions such as dynamic KYC process automation that can enhance compliance and efficiency. However, financial institutions should start taking technology more seriously as it is essential for meeting both customer and regulatory expectations as well as for staying competitive and enabling future business growth. Automation in KYC processes saves time, improves customer experience, reduces onboarding periods and enables real-time access to critical data. In short, leveraging automation is crucial for financial institutions to thrive and achieve long-term growth.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-17124 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Polish realities in a PSD2 Europe'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/polish-realities-in-a-psd2-europe\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/06\/polish-realities-in-a-psd2-europe-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-13043\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13043'>\n\t\t\t\tPolish realities in a PSD2 Europe\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Video: how Israel is ruling the cybersecurity world'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/video-how-israel-is-ruling-the-cybersecurity-world\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/10\/How-Israel-Rules-The-World-Of-Cyber-Security-VICE-on-HBO-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-11156\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-11156'>\n\t\t\t\tVideo: how Israel is ruling the cybersecurity world\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='New Basel Report Highlights Digital Finance Risks and Benefits'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/new-basel-report-highlights-digital-finance-risks-and-benefits\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2024\/06\/122b4a84-a521-bb25-bde3-ed497b966b251-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-17666\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-17666'>\n\t\t\t\tNew Basel Report Highlights Digital Finance Risks and Benefits\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The financial services industry is witnessing a growing emphasis on digital transformation as industry players attempt to meet rising customer expectations and improve their business efficiencies. At the same time, regulatory compliance still remains a priority. Traditional know-your-customer (KYC) processes in financial institutions rely on manual systems and often overlook and downplay innovative solutions such &hellip;<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17124"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=17124"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17124\/revisions"}],"predecessor-version":[{"id":17125,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17124\/revisions\/17125"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=17124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=17124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=17124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}