Financial Services and Insurance
Financial Services and Insurance is a highly regulated industry, with the cost and complexities of compliance continue to mount. It is contending with disruption from FinTech firms that threaten profitable elements of their value chain, while digital transformation presents significant opportunities to provide re-imagined digital products and services, customer experience, and models more conducive to innovation.
Knowledgent’s FSI portfolio is grounded in capabilities and solutions that are foundational enablers in leading and assisting our clients in response to overarching industry drivers.
Managing Risk and Compliance
Client Onboarding/KYC/NAO – Utilize data and configurable rules-driven solutions to address KYC, with a deep understanding of the processes and data to be captured in Client Onboarding or NAO, to help reduce competitive impediments such as long time cycles
Anti-Money Laundering – Critical Data Element catalog for Sanctions and Transactions Monitoring; as well as innovative Artificial Intelligence solutions for reducing false positives, which today represent 95% of AML alerts
GDPR and Digital Compliance – Services and solutions from assessment through compliance, with a Digital Data Governance control framework for 1st (collection), 2nd (use) and 3rd (sharing) lines of defense
Analytics Self-Service – A key enabler for dealing with FinTech disruption is innovating through data and analytics to better enable a digital, customer, and product advantage
Pricing Optimization – Solution framework for optimizing pricing opportunities, and when applied using machine learning, to Treasury Products and Liquidity Management can identify client opportunities