Home Views Disruption and Digitalisation

What’s RPA got to do with employee turnover in AML/KYC operations?

Paulina Powązka
Paulina Powązka7/20/2020 10:02 AM GMT+08  • 5 min read
What’s RPA got to do with employee turnover in AML/KYC operations?
With the ever-growing number of legislative and regulatory requirements, the Anti-money Laundering (AML) or Know Your Customer (KYC) processes get more and more complex.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

(July 20): With the ever-growing number of legislative and regulatory requirements, the Anti-money Laundering (AML) or Know Your Customer (KYC) processes get more and more complex. Astonishingly, Celent reported that AML/KYC analysts spend on average 50–65% of their time on data gathering – low-skilled and boring task. Sounds like huge room for improvement to make employees more satisfied with their day-to-day to-dos. Let’s take a closer look at this.

A day in the life of data collector?

Eighty per cent.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.