smartKYC

In their efforts to ensure their business is conducted with integrity, organisations are increasingly mindful of third-party risk, the risk that a supplier or partner’s misdeeds can have an adverse impact on them - on the corporate brand, share price, or even sales. Spotting ESG red flags is of vital importance and to do that effectively, one needs to start with understanding what ‘bad’ ESG looks like. Our ESG risk framework, which serves as a guide for our third-party risk monitoring product, smartEYE, determines the specific transgressions that should be monitored for. And behind each of these risk concepts is a granular set of subcategories including synonyms, colloquialisms, and a myriad of language permutations. Download the smartEYE ESG risk framework here: https://lnkd.in/eEMAH5uT #smartEYE #ESG #ESGRisk #innovation

Adverse media screening isn’t just about translating words; it’s about understanding the nuances, cultural contexts, and implications behind them. In our latest blog, smartKYC CCO Hugo Chamberlain dives deeper to ensure that screening in multiple languages captures the true intent and risk behind the words, exploring: - Why context is as critical as translation - The challenges of multilingual screening - How cutting-edge technology helps decode meaning - How to stay ahead in managing risk and uncovering insights Read the full article here: https://lnkd.in/ddvNQES7 #AdverseMedia #ContextMatters #RiskManagement #Compliance

smartKYC has been listed as a top regulatory technology innovator in the Eighth annual RegTech100, highlighting the businesses financial institutions need to keep an eye on in the RegTech industry! We are honoured to be on this list, which showcases some of the biggest disruptors and market leaders in regulatory technology helping financial institutions deal with the headwinds caused by technological innovation and regulatory change. The panel looked to highlight the technological solutions as well as risk and compliance offerings that all financial institutions need to be aware of in 2025. The financial industry this year has seen a large increase in regulatory fines, underlining some of the critical challenges that firms face in staying compliant amid growing regulatory scrutiny. smartKYC continues to stay at the forefront of this changing landscape. Learn more about our technology: https://lnkd.in/ggDCRFPk #RegTech100

Are you missing critical risk signals due to language barriers? Curious to know how AI technology, such as multilingual Natural Language Processing (NLP) actually works? smartKYC's CEO, Dermot Corrigan reveals an English-centric adverse media monitoring approach is dangerously outdated in today's global business environment. In this thought-provoking whitepaper, he explains: - Why local non-English sources often break news first - How machine translation can fail to capture crucial nuances - The importance of multilingual expertise in risk detection - Real-world examples of language-based oversights Discover how a truly global perspective can transform your risk management strategy. Download the full whitepaper here: https://lnkd.in/eY3h7QQs #RiskManagement #AdverseMedia #GlobalCompliance #LanguageIntelligence #NLP

At smartKYC, we've witnessed firsthand the transformative impact of AI on Know Your Customer (KYC) processes over the past decade. Here's how AI is reshaping the landscape: - Automated ID Verification: what once took hours now takes seconds - Advanced Watchlist Screening: minimising false positives and enhancing accuracy - Intelligent Adverse Media Screening: crawling through massive amounts of data in real-time - Perpetual KYC: moving from periodic reviews to continuous, real-time monitoring However, AI isn't replacing human analysts, it's empowering them. By handling routine tasks, AI allows KYC professionals to focus on critical thinking, complex risk assessment, and strategic decision-making. Read the full article by former KYC analyst, Binh D., on how AI is impacting the role of KYC analysts on our blog: https://lnkd.in/emnPrN6J #AIinFinance #KYC #ComplianceTech #FinTech #ArtificialIntelligence #RegulatoryCompliance

smartKYC is pleased to announce the appointment of Hugo Chamberlain as our new Chief Commercial Officer (CCO). Hugo Chamberlain, a co-founder of smartKYC and former Chief Operating Officer, brings over two decades of leadership experience in financial technology to this role. His extensive background in artificial intelligence, KYC processes, and risk management will be instrumental in driving our company's growth and innovation. Read more about this strategic appointment on our company blog: https://lnkd.in/ewzNCwhn #FinTech #KYCCompliance #ArtificialIntelligence #RiskManagement #AIinFinance #CorporateAnnouncement

smartKYC has been shortlisted for BusinessCloud's RegTech 50 ranking for 2024. The annual ranking celebrates the UK’s most innovative startups, scaleups and established firms creating original technology for regulation, compliance and fraud protection. Voting closes at 23:59, Sunday, 17 November. Please vote for us by clicking on this link: https://lnkd.in/e7xS9b8K The final ranking final ranking will be published on Monday, 9 December. #smartKYC #RegTech #FinTech #innovation #technology #compliance

Learn how our clients report up to 40% productivity gains by joining smartKYC’s CEO, Dermot Corrigan, on Wednesday, 6 November, for a live demonstration and discussion on the power of generative AI for enhanced KYC due diligence. Secure your seat here: 11am CET: https://lnkd.in/etKAtvzM 4pm CET: https://lnkd.in/eXMQJMyR #AI #KYC #duediligence #smartEYE

The challenges of Know Your Customer (KYC) in private banking and wealth management are akin to navigating what mountaineers call 'the sharp edge of the mountain' - complex, high-stakes, and fraught with risk. This sector faces unique challenges: - Higher-risk client profiles - Significant sums involved - Complex investment products - The need for rigorous, ongoing due diligence Thankfully, cutting-edge technologies are revolutionising risk-monitoring. In his latest article, smartKYC's CEO, Dermot Corrigan, gives an in-depth analysis of this topic, demonstrating that the future of KYC lies in perpetual adverse media monitoring. Read how institutions can conquer the KYC mountain and stay ahead of emerging threats: https://lnkd.in/emBaKmza #smartKYC #KYC #PrivateBanking #WealthManagement #RiskManagement #FinTech #AdverseMedia

The rapid advancement of artificial intelligence, particularly generative AI models such as ChatGPT, opens up exciting new possibilities to transform KYC screening due diligence. However, a key challenge is to harness GenAI’s potential while at the same time, applying the necessary compliance guard rails. This webinar will be hosted by smartKYC’s CEO, Dermot Corrigan, and will feature a live demonstration followed by a Q&A discussion. Join us to: - See how both due diligence research and risk summarisation are automated through the combination of smartKYC and GenAI - Understand how the power of GenAI can be utilised yet the traceability of its outputs still be assured - Learn how challenges in non-English language due diligence can be confidently overcome - Discover why smartKYC clients are reporting productivity gains of up to 40%, pre GenAI - Reflect on how the due diligence analyst’s role will evolve Register now! 11am CET: https://lnkd.in/etKAtvzM 4pm CET: https://lnkd.in/eXMQJMyR #AI #GenAI #KYC #DueDiligence #smartKYC