Automation and Operational Efficiency in KYC, New York, 25-26 June 2018

FinCEN Final Rule imposes yet another regulatory challenge that will force Financial Institutions to rethink their day to day process to achieve efficiency and effectiveness in client onboarding. To be efficient the community must come together to develop a single standard practical approach to customer onboarding build around emerging technologies of Blockchain, ML and AI. Along with enabling operational efficiency and cost reduction, this will allow the much needed focus on de-risking making the onboarding process seamless and effective.

 

Core Themes Addressed:

Achieve Cost efficiency and effectiveness in KYC compliance

Resolve remaining operational challenges post FinCEN Final Rule

Optimise KYC and onboarding process for buy-side and corporate clients

Examine strategies for enterprise wide single client view

Solve evolving data challenges; manage client data while maintaining privacy and security

Discuss advantages of KYC Utilities and move towards industry wide collaboration to standardise KYC process

Take Business value to the next level through incorporation of Blockchain, AI and ML

Leverage future proof technologies: Blockchain and The efficient adoption of digital identities and biometric authentication

Utilise ML and AI capabilities to build records faster and achieve efficiency and cost effectiveness

Our Key Speakers:

Moiz Kohari

SVP Chief Technology
Architect State Street

Mathieu Rebois

Managing Director Senior Project Director
Societe Generale Wholesale Clients(GBIS)

Luis Cifuentes

Head of Compliance
Banco Bradesco New York

John Sproat

Global Head Client Data and KYC Operations
RBC Capital Markets

Jeremy Balkin

Head of Innovation
HSBC

Adam Schabes

Managing Director AML Analytics
BMO Financial Corp

Sandheep Jain

VP IB-Client Lifecycle
Management Technology Barclays

Mickell Vickers

AML/KYC Lead

Capital One

Sharon Blanchette

First VP, FIU and BSA Officer

Berkshire Bank

Sandi Turnipseed

VP, BSA Officer

CTBC Bank Co.Ltd., New York Branch

Lynn Brubaker

VP of Deposit Services

Star One Credit Union

Who Should Attend:

From Banks, Buy side and other capital Market firms: Heads, Directors and Senior Managers of:

  • KYC
  • AML
  • Onboarding 
  • CDD
  • Compliance 
  • Financial Crime

Key Topics Covered:

Day One:

FinCen Final Rule (CDD) Post Implementation Era
Discuss impact of recent CDD and AML 5th pillar on FIs and new born compliance and operational challenges in CLM and onboarding
 
Innovation: Fundamental driver in achieving operational excellence in KYC/AML
Integrate DLT and ML capabilities to improve KYC/AML process and explore innovations in security and identity management
 
Achieving cost efficiency and sustainability in KYC
Eliminate deficiencies in internal control, CDD, transaction monitoring and refresh process
 
The path to Enterprise Wide Single Client View
Creating Central Data Reference domain and maintain efficient collection and sharing of beneficial ownership information across organisation and jurisdictions
 
 Overcoming data challenges in KYC
Utilise Automation in data collection and Overcome old legacy system challenges along with aligning KYC and reference data functions
 
Moving Forward from meeting deadline to achieving operational excellence: A strategic Shift
Compliance Review: Automating and integrating CDD review systems to ease laborious and time consuming exercise
 
Optimising KYC and onboarding process for buy side and corporate clients 
Maintain information security and facilitate digital interaction across all stakeholders, while maintaining control of shared data
 
Embracing Digital Transformation: Digitizing KYC
Explore digital onboarding through identification and authentication tools

 

 Day Two:

 Digital Identification: Can it become a cornerstone of KYC process
eID and cross border KYC portability
 
Biometrics: from a single customer authentication tool to an integral part of onboarding
Incorporating biometrics in digital identity management to enhance cross-border flexibility with high level of assurance
Operational Transformation of KYC and Client onboarding through RPA
Explore the use of RPA in Client Review, CDD, Client Screening and Transaction Monitoring
 
Exploration of Advantages of RPA Adoption in the digital age
Achieve customer centricity in digital age, capture data from multiple internal systems and eliminating manual data entry error
 
Is there room for Machine Learning in KYC
Examine advantages of ML in analysing large quantities of data
 
Adoption of Blockchain based KYC Utilities
Learn about Centralized VS decentralised models for KYC utilities and address uncertainty of cross boarder data privacy issues
 
KYC as a Service: Managed Service a foundation of operational excellence
Streamline KYC compliance
 
Looking into the future of KYC
Explore RegTech role and how technological advancements will impact and shape the industry

Our Key Speakers:

Moiz Kohari

SVP Chief Technology
Architect State Street

Mathieu Rebois

Managing Director Senior Project Director
Societe Generale Wholesale Clients(GBIS)

Luis Cifuentes

Head of Compliance
Banco Bradesco New York

John Sproat

Global Head Client Data and KYC Operations
RBC Capital Markets

Jeremy Balkin

Head of Innovation
HSBC

Adam Schabes

Managing Director AML Analytics
BMO Financial Corp

Mickell Vickers

AML/KYC Lead
Capital One

Sandeep Jain

Vice President, IB –Client Lifecycle Management Technology

Barclays

Sharon Blanchette

First VP, FIU and BSA Officer

Berkshire Bank

Sandi Turnipseed

VP, BSA Officer

CTBC Bank Co. Ltd., New York Branch

Lynn Brubaker

VP of Deposit Services

Star One Credit Union