Banking Insights:
Why It Takes Time to Know Your Customer – KYC/CDD Challenges
Enda Shirley, KYC and CDD Product Manager, BAE Systems
For financial institutions, every new customer heralds a new opportunity. But if the organisation doesn’t know enough about that customer – for example their preferences and how they intend to use their accounts – there may be a risk involved too.
In this, the latest in our Banking Insights series, Enda Shirley, Know Your Customer (KYC) and Customer Due Diligence (CDD) Product Manager at BAE Systems, looks at the use of KYC and CDD checks as an initial first line of defence in understanding this risk.
Chapter one:
Counting the cost
Chapter one:
Counting the cost
Chapter two:
Influencing factors
Chapter two:
Influencing factors
Institutions face ever-expanding regulatory obligations.
Chapter three:
Digital onboarding
Chapter three:
Digital onboarding
Chapter four:
Why, How and What?
Chapter four:
Why, How and What?
As the first line of defence, KYC and CDD should be considered as areas for significant investment.
Contact us
Contact us
Get in touch with one of our experts to discuss your requirements.
Enda Shirley
KYC and CDD Product Manager at BAE Systems
Enda Shirley is the Global Product Manager for KYC and CDD as a discipline within AML Regulatory Compliance at BAE Systems Applied Intelligence. Enda has over 14 years’ of industry experience in market leading software organisations.
Enda joined BAE Systems Applied Intelligence (formerly Norkom) in 2011 and works with clients to understand their requirements and works with engineering teams to get solutions that meet their challenges. Enda is a Certified Anti-Money Laundering Specialist (CAMS).