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Ep. 38 Counting the true cost of KYC non-compliance

05 Dec 2024

Description

Carl-Alain Memnon, Co-Founder and COO at Grid Technology, joins us to explore how innovative solutions are transforming compliance, fraud prevention, and risk decision-making. We discuss how forward-thinking digital leaders are leveraging automation and biometrics to navigate the complexities of an evolving regulatory landscape to avoid significant financial losses, penalties, and the reputational damage that comes with non-compliance. [00:17] Introduction to the episode [01:26] About Grid [04:18] Understanding KYC [05:46] Reputational risks [07:43] Challenges for small vs. large enterprises [11:23] Reputational risks of KYC non-compliance [13:59] Emerging trends in KYC across industries [17:49] The partnership between Grid and Veriff [21:58] Future of fraud prevention and KYC: implementing Veriff’s biometric authentication technology [29:45] Advice for navigating KYC compliance [32:38] Looking ahead: Innovations in KYC   Read more about this conversation, here: https://bit.ly/4lkyuLt. 

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