Business Information Firms Close ‘Know Your Customer’ Gap

Posted by Joachim Bartels | Jan 25, 2014 | Compliance, Governance & Compliance, Switzerland, Uncategorized, Worldbox | 0 |

Business Information Firms Close ‘Know Your Customer’ Gap

The ‘Know Your Customer (or Supplier) Gap has spawned a number of information solutions generally categorized as ‘Governance, Risk and Compliance’. Thomson Reuters, FICO, Dun & Bradstreet, Creditreform and others all have set up capabilities which offer specific solutions to close the ‘Know Your Customer’ (KYC) gap.

This week BIIA member Worldbox published an article which indicates that regulatory pressures have prompted the development of new services in the ‘Know Your Customer (KYC) sector. Also Customer Due Diligence (CDD) data-sharing field are appearing this year, with the international banking community being one of the initial test beds for ultra-fast, web-based services.

To read the full story click on this link (Worldbox).

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.