Leumi ABL selects Encompass for KYC compliance
Asset-based lending subsidiary of Bank Leumi (UK) looks for improvements.
Asset-based lending subsidiary of Bank Leumi (UK) looks for improvements.
Regulatory technology (regtech) is often cited as the answer to the rising cost of compliance, risk and reporting duties at banks. Will it help financial institutions escape IT silos and enhance control over data?
The R3 consortium and ten of its member banks have developed a proof-of-concept (PoC) for a know your customer (KYC) registry “that addresses the challenges associated with satisfying KYC requirements and allows identities to be managed by their owners”.