While M&A presents significant challenges for the KYC process, it also presents significant opportunity to make the best out of the two worlds – plus transform KYC for the present and future. The situation forces you to “get it right” regarding the basic building blocks of your KYC process and technology, plus make digital the new operating standard. It’s a fantastic opportunity to create an industry-leading operating model.
By putting in place AI Digital Workers, you are essentially laying the groundwork for pKYC (perpetual KYC) – a need that is fast approaching. By having the foundational elements of pKYC in place, you de-risk your operating model, as you can make changes to it in the future without the need to completely overhaul systems and processes. The inevitable progression to pKYC becomes much easier.