Consult Hyperion reveals increasing cost and complexity of business banking

The total cost of KYC processes for financial institutions is set to increase by 20% Onboarding a business banking customer now takes over 30 days Cost increases and delays are driven by anti-money laundering and counter-terrorism regulationLondon – February 21st, 2019 – A new report from identity analyst Consult Hyperion has revealed the five biggest challenges currently facing financial institutions when onboarding business customers. The report, The five challenges of business onboarding and customer due... Source: RealWire

via Albert Sherrill Investment Blog http://www.realwire.com/releases/Consult-Hyperion-reveals-increasing-cost-and-complexity-of-business-banking