Having trouble dealing with financial regulations? You’re not alone. Constantly-shifting rules can be tough to tackle for any financial institution, and more specifically, a Forrester Research report pinpointed “Know Your Customer” (KYC) regulations as the biggest pain point for global corporate banking executives.
That’s why global law firm DLA Piper and software company Pegasystems Inc. (Pega), both of whom already have a heavy focus on financial regulation, have decided to collaborate on instituting an updated KYC solution. Through the collaboration, banks can now integrate DLA Piper’s ongoing monitoring of changing financial regulations into Pega’s KYC tool, which the companies say will result in a faster and more efficient way to stay on top of these shifting regulations.
