Bankers’ Almanac has re-launched its industry Know Your Customer (KYC) solution, the Due Diligence Repository (DDR). After collaboration with industry practitioners from the Wolfsberg Group and member banks of the Bankers’ Association of Finance and Trade (BAFT), the DDR has undergone redevelopment. New features include providing users with additional data such as offshore licences, US Tax IDs and AML auditors for internationally operating banks, together with enhanced audit processes to reduce need for banks to re-check documentation.
Charles Silverman, president, Board of Directors at BAFT, said “BAFT have been working with Bankers’ Almanac to refine the Due Diligence Repository, ensuring it continues to meet the needs of the industry. Following the successful re-launch of the Due Diligence Repository, BAFT are confident that by using it for primary KYC information, it ultimately brings a tremendous benefit to the industry.”
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more