With COVID-19 acting as a catalyst, financial institutions are under increased pressure to expedite the digital transformation from regulators, growing competition from fintech or internet companies, and changing customer preferences, besides other factors.\u00a0<\/p>\n\n\n\n
To address the challenges and highlight the latest trends and best practices related to the future of customer onboarding in financial services, leading experts from the GCC industry will come together in a special webinar on 22 September 2021.<\/p>\n\n\n\n
Organized by The Wealth Today, the specialized panel will be led by\u00a0Antoun Massaad, the Co-Founder and CEO of Cedar Rose. Joining him in the discussion will be Christos Christou, Group Chief Officer, Lulu Financial Holdings Limited; Ken Coghill, Director, Innovation & Technology Risk, Supervision, Dubai Financial Services Authority; and Lawrence Paramasivam, Senior Executive Director \u2013 Policy & Legal, Financial Services Regulatory Authority.<\/p>\n\n\n\n
Commenting on the process, Antoun stated, \u201cTo respond to the challenge of putting in place a world-class customer service, being competitive, and staying compliant with KYC and AML regulations, organizations must first and foremost focus and improve on a critical aspect of the business that is \u2018onboarding\u2019.\u201d<\/p>\n\n\n\n
He added, \u201cTechnology penetration across the board is opening new channels for organizations to connect with their customers and onboarding becomes a critical differentiator for financial institutions to give their customers, an experience which is frictionless and impactful.\u00a0At Cedar Rose, our continued investment in new technologies and automation capabilities coupled with our strong experience and expertise allows our customers to work smarter and more efficiently.\u201d<\/p>\n\n\n\n
Cedar Rose is the holder of the largest unified and most comprehensive financial risk data and detection technology in the Middle East. It offers greater agility, effectiveness, and efficiency with elevated risk-relevant intelligence on individuals and businesses for faster and more informed decision-making.<\/p>\n\n\n\n
According to Antoun, \u201cIt is essential to verify the identity and understand the risk of a business customer either before or during their onboarding. The process needs to be easy and intuitive to comply with the internal, board, and regulatory reporting demands. What is required is a more holistic understanding of parties involved for financial crime detection, investigation, and due diligence.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
With COVID-19 acting as a catalyst, financial institutions are under increased pressure to expedite the digital transformation from regulators, growing competition from fintech or internet companies, and changing customer preferences, besides other factors.\u00a0 To address the challenges and highlight the latest trends and best practices related to the future of customer onboarding in financial services, […]<\/p>\n","protected":false},"author":8,"featured_media":27698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":24,"_extra_hide_author_box":"","_extra_featured_post":"0","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-27697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\n