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We are already seeing companies like HSBC and Japan ’ s MUFG prototype solutions with this technology , and we anticipate this arena will pick up pace in the coming years .
What trends in FinTech are you most excited to see in 2025 ?
Due to their relative newness and leaner structures , FinTechs often face unique challenges in maintaining a satisfactory level of financial crime compliance ( FCC ). We can anticipate a shift towards ‘ perpetual KYC ’ ( pKYC ), broadly defined as the continuous , trigger-based risk monitoring of customers .
Given that the industry must embrace modern AI / ML-based tools to establish and maintain an FCC programme that meets industry standards and regulatory expectations , it provides significant potential for the FinTech community . pKYC provides the ability to respond to behaviour and status changes far more rapidly because it alerts institutions to milestones in a customer ’ s life that affect their financial crime risk level . � www . intelligentfin . tech
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