Moody’s Talks: KYC Decoded Open banking: A revolution or evolution for KYC?
May 10, 2024
Alessio Balduini and Francis Marinier discuss the impact of open banking on risk and compliance, exploring its origins, opportunities, adoption, risks, and potential responses from bad actors. The conversation highlights the evolution of compliance processes, data quality, risk factors, algorithmic implications, and the transformation of risk and compliance roles in the era of open banking. They also delve into advancements in financial crime prevention, cyber threats, and the regulatory framework in the UK.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Introduction
00:00 • 3min
Exploring the Global Impact of Open Banking
02:39 • 19min
Enhancing Compliance Through Open Banking Innovations
22:01 • 21min
Exploring Data Quality, Risk Factors, and Algorithmic Implications in Financial Decision-Making
42:43 • 3min
Transformation in Risk and Compliance Roles with Open Banking Adoption
45:22 • 3min
Evolution of Financial Crime Prevention and Detection Processes
47:53 • 3min
Navigating Cyber Threats in Open Banking
50:53 • 11min