Regulators are quickly paring back the rhetoric on KYC technology that promised to speed up bank onboarding. The problem now seems no closer to being resolved.
The regulator says it’s getting serious about regulatory technology with plans to tackle issues ranging from money laundering to machine readable regulations.
Automation might be able to crunch the numbers at the back end, but for high-level regulatory decision-making you need a team of human beings … or do you?