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New Accountholder Risk Screening - Policies, Threats and Opportunities

Date: Thursday August 22nd from 2:00pm – 3:00pm Central | Cost: Complimentary

New Accountholder Risk Screening - Policies, Threats and Opportunities

New accounts present a unique challenge and opportunity to all FIs. While they present the opportunity of new revenue, a risky relationship can undo the benefit brought forth by others. There are onerous requirements, such as FCRA that must be complied with during the process. Further, almost every FI is different with its own unique culture, dynamics, risk tolerances and challenges. Artificial intelligence (AI) and machine learning (ML) are widely touted as a panacea for these problems, however, it is critical to examine these technologies from the unique lens of your organization and if possible, put these technologies to work to reduce costs and open new accounts faster – and with significant less risk.

You Will Learn How To:

• Improve risk detection analysis and speed
• Reduce onboarding costs
• Expand and simplify CIP support
• Use AI and ML to increase security via automated ID screening
• Embrace imaging and cloud security
• Deploy a less expensive, more flexible ID (barcode-image) image process

Who Should Attend: Operations personnel, Security staff, Audit & Compliance personnel, Branch employees, BSA Officers and anyone at the organization looking to improve the onboarding process.

Speaker: Bob Cofod is an AML and compliance expert with specialization in business intelligence. He is the president of BizMerlin and leads all key initiatives with the financial sector. Bob has degrees in MPA, Intelligence, Public Administration, and Business Administration from Blair Academy, the University of North Carolina, the University of South Carolina, and the Golden Gate University of San Francisco. In his spare time, mentors young entrepreneurs and helps them overcome their challenges.

Webinar 1 Free

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New Accountholder Risk Screening - Policies, Threats and Opportunities

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