Insights - Beyond

Streamlining CDD remediations to avoid delays in client onboarding - BeyondFS

Written by Author | May 20, 2021 11:44:00 AM

The continual changes to the regulatory landscape and pressures on internal resource can often lead to backlogs in Customer Due Diligence (CDD) refresh, and risk delays in onboarding new customers. So how can FIs overcome some of the common challenges involved with CDD remediation? Here are some factors that can help improve the CDD remediations process.