Synechron

During the EBF Conference, Synechron will present a case about KYC (Know Your Customer). KYC is a series of processes to uncover who your customers really are. By performing a customer due dilligence analysis banks are able to determine the ultimate benefical owners, as well as the business intentions so that they can create a risk analysis based on each customer before doing business with them. It is required by international and national regulations for financial institutions to conducts these analyses. Institutions that do not comply, risk fines, reputational damage as well as possibly losing their banking license.