OnDemand | KYC Is Not Enough: 3 Ways To Supercharge Your Onboarding
The data collected in the KYC process shouldn’t be the only information financial institutions rely on to approve clients and mitigate fraud risk. Traditional KYC tools were designed to stop money laundering and terrorism, not determine whether someone is who they claim to be. This means it’s increasingly important that businesses implement more sophisticated onboarding strategies focused on identity verification that goes beyond compliance.
Join Ekata, a Mastercard company, live where Nguyen Vo, Senior Manager of Financial Services will discuss how to use global data, sophisticated data science, and machine learning models to enhance legacy KYC tools and supercharge your digital onboarding process to:
- Reduce abandonment
- Minimize unnecessary manual review
- Decrease the risk of fraud