How do you support fund experts in their daily work?
Pascal Morosini. —“In the course of their daily work, fund experts encounter certain difficulties, especially during KYC due diligence reviews. The most time-consuming tasks are data and document collections and verifications performed manually with no digitized processes.
Our holistic approach offers an alternative to in-house KYC/CDD management through an outsourced managed solution that accelerates regulatory compliance and the digitization of the entire KYC/CDD process.
Our bespoke and efficient “KYC Partner” solution allows our clients (obliged entities) to focus on their core functions while benefiting from our optimized KYC processes. The i-Hub platform offers due diligence reviews workflows, name screening, risk scoring, data and document collection and verification, sharing and above all an investor front-end interface for full digital data and document collection.
Why have you decided to support this event?
“Since i-Hub was founded, we are convinced that the outsourcing model for KYC/CDD would significantly help the fund industry to remain compliant.
The industry faces many challenges such as the imperative of customer centricity, the rapid growth in the adoption of data science and advanced analytics across the value chain, the rise of sustainability and digitization concerns, an increasingly complex and granular distribution landscape as well as radical changes in organizational skills and working practices.
We are convinced that our ‘KYC Partner’ solution has everything to appeal to this transforming industry.
Thus, we decided to support this event because we want to raise awareness of the evolution and possibilities of KYC outsourcing services for AIFs and promote the sharing of investor data and documents to facilitate onboarding and data quality.
What is the importance of digitalization in financial sector? How did automated processes look like before and how would you describe it nowadays?
“Digitalization is an important competitive factor for financial centers worldwide. It enables the development of innovative business models, optimizes compliance and the quality of controls and services. The increasing performance of mobile devices, the availability of large volumes of easily exploitable data and technology such as artificial intelligence are among the drivers of this development.
Digitalization is important for improving the customer experience and for the efficiency of KYC/CDD processes, in particular when sharing is possible to avoid providing "multiple copies". Previously everything was managed manually without a front end, now with fully embedded front end modules that allow for the management of multiple underlying business relationships, greater gains are achieved in supporting KYC/CDD compliance.”