The Russian invasion of Ukraine in February 2022 led to an unprecedented number of new sanctions against individuals, groups, and entities.

Onboarding is a crucial stage in every customer journey, and customer due diligence for banks is a vital component of the onboarding process.

Time-to-revenue is an increasingly key metric for banks, whether they be traditional, challenger or neo. But banks are operating in an incredibly fast-paced, complex, and rapidly evolving environment, which can have significant detrimental impacts on the speed and efficiency of corporate customer onboarding processes.

2023 brings a new set of challenges for compliance officers, with changes to sanctions, economic pressures & more. Here are the 6 main challenges you need to know about.

If you thought the FCA would back off following a raft of heavy fines imposed for breaches relating to anti-money laundering (AML) systems and controls in 2022 - think again.

Conducting IT due diligence when taking over or merging with another company is key to a smooth transitional period. It may not be the most interesting or enjoyable task, but it’s important that the process isn’t rushed. Being as thorough as possible will not only save you time later on but will also highlight any potential issues that will need to be fixed before the sale goes ahead.

Businesses use nCino Identity Solutions to expedite compliant onboarding of new customers for KYC/AML, while ensuring confidence in the regulatory assessment of a counterparty. This extends to conducting checks for PEPs, sanctions & adverse media -- all made simple with the nCino Identity Solutions web app or API.

Google is not a front-line risk mitigator, it’s a search engine. And yet as many as 4 in 5 financial service organisations still use it to drive mission-critical AML and KYC processes.

Neobanks may be best known for their consumer offerings, but they’re rapidly gaining traction in business banking.