9Industry Tech OutlookMARCH 2022KCG started its journey with technology and analytics services for the customers, including Financial Institutions, insurance companies, insurance intermediaries, financial advisory firms. In the consulting process, they have identified several common challenges of these customers when transforming their business process into the digital economy. One of them is Knowing Your Customers (KYC) via digital means cost-effectively, especially when new country/region-specific anti-money laundering and KYC rules and regulations emerge, e.g., national security laws, sanction list of entities, and politically exposed person definitions. Therefore, they have picked this up from there and developed a market unique KYC search engine that combines open and proprietary data sources, AI, and expert-based data mining to deliver unique KYC solutions to the customers and address their needs.ARCHNA WADHWA, CO-FOUNDER, DIRECTOR
< Page 8 | Page 10 >