KYC shortlisted for UBS Future of Finance Challenge28th September, 2017
RegTech startup one of ten finalist for prestigious award – London 28th September 2017
Know Your Customer the Dublin-based high-tech client identity verification solution for KYC and AML, has been shortlisted for the UBS Future of Finance Challenge 2017 EMEA London awards. The high-profile award ceremony will take place in London on 24th October 2017.
The UBS Future of Finance Challenge is a competition open to Fintech companies around the world, where UBS looks for innovative and potentially disruptive technological ideas and solutions that will support the transformation of the banking industry. Finalists have the chance to scale their ideas and technologies by leveraging upon UBS’s global presence, deep expertise in global banking and ecosystem of innovation partners.
“It’s a real validation for us that we have been shortlisted for these awards” Claus Christensen, CEO of KYC commented.
“There are hundreds of applications from around the world so to make it to the last 10 is something we are really proud of. Quick and accurate client and customer identity verification is critical in the on-boarding process for banks and financial institutions. Having our technology recognised by UBS in this space is testament to our innovative solution as one that improves the compliance and risk functions around KYC – and it’s something we are very proud of.”
KYC was selected because of its impact on several key business processes such as verification of companies and individuals, streamlining the on-boarding process and improving compliance of AML legislation. The platform reduces the time required to run checks on all client types in a regulatory compliant way by digitising these processes, whilst increasing accuracy and consistency.
The UBS Future of Finance Challenge is focused on four regions – US, APAC EMEA (London) and EMEA (Switzerland). KYC were shortlisted in the London category along with Conversational Logic (SafeScribe), Cognitiv+, LegalEyes, AlgoDynamix, BlockEx, AssetVault, Financial Network Analytics, Delio, Secure Cloudlink. For full details of The UBS Future of Finance Challenge 2017 can be found at www.ubs.com/innovate