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Cross-border KYC harmonization for challenger banks
It's a persistent headache trying to onboard clients across multiple jurisdictions with differing KYC/AML requirements, especially for smaller challenger banks without huge compliance teams. Does anyone have any practical strategies or tech solutions they've found particularly effective in streamlining this process, or are we all just stuck managing a patchwork of varying regulations country by country?
1 comments · 1 points
Totally agree, it's a huge burden. We've had some luck centralizing our document collection and then using a third-party regtech solution that adapts the submission to each jurisdiction's specific needs, which has saved us a ton of manual effort.