CPB is excited to be shortlisted for the 18th International Banking Technology Awards that will take place in London on December 13, 2017. The Banking Technology Awards recognises excellence and innovation in the use of IT in financial services worldwide. Aimed at showcasing banks and financial institutions’ skills and commitment in the industry it is a truly fantastic achievement that CPB is recognized for its KYC (Know Your Client) / AML (Anti-Money Laundering) solution on a global scale.

CPB has developed an online, paper-less KYC/AML both for on-boarding and remediation. The CPB KYC/AML solution is capable of accessing billions of rows of data and together with advanced matching algorithms, it performs a complete KYC/AML validation in seconds. Along with this it also provides an electronic, digitally signed PDF for auditing purposes.

The CPB KYC/AML offering is about getting to know your client, as the onboarding processes can be completed in seconds at a minimal cost. Using a paperless system, clients can be vetted with information supplied verbally or in printed documents to provide documentary evidence of compliance with local KYC/AML requirements. With a paperless system, fraudulent activity is immediately circumvented with data residing on secure servers, linked by full auditable trails to the original source.

CPB’s KYC/AML solution has been shortlisted for the Best Use of RegTech Category amongst nine other global nominees. For both individuals and teams, the Banking Technology Awards is a highly-respected and prized acknowledgement for skills, leadership, inspiration and a vision to continually better the banking industry. CPB is proud to be shortlisted for this year’s awards.

For more information on CPB and its KYC Solution contact us on +27 (0)10 590 9505 or send an email to kyc@cpbonline.co.za and follow us on our journey to London on December 13, 2017.