Tuesday, January 19, 2021

Register Now Americas - 12:00 EST     Register Now EMEA 12:00 GMT

Presented By:
Kieran Holland, Head of Technical Solutions, FinScans


Kieran Holland
Head of Technical Solutions
FinScan

Know Your Data (KYD) is the new KYC

You are only as strong as your weakest link. This very much also applies to your PEP and sanctions screening program as it will be only as strong as the data that is used.

We’ve seen many organizations inadvertently expose themselves to unnecessary risk due to quality issues in their data. As we helped them address these issues, their risk and compliance initiatives became stronger and more effective.

Identifying hidden risk in your data reduces overall risk and enhances productivity. Further, with increasing regulatory focus on managing your data, incorporating a better data quality process enables you to harness the power of your data instead of having it work against you.

This webinar will cover:

  • Common examples of data issues – such as duplicate records, multiple source systems, misplaced customer names, inconsistent formats – that can impact your AML screening program
  • How you can address these issues through a compliance-specific data prep process
  • Case studies of organizations that reduced false positives and identified true matches by optimizing their data for compliance
  • How a Data Quality Assessment can help you understand your current data conditions and identify targeted areas to improve

Questions will be answered both during the session and at the conclusion.

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