Adhering to KYC requirements from banking (and other) partners is a critical task for treasury managers to undertake – albeit one which is often time-consuming, and as a result considered something of a box-ticking exercise. With different systems being used by different banking partners, and even an inability to share KYC data within different parts of the same bank, this can be a major drain.

Managing this process and improving efficiencies will potentially free up time for treasury to focus on other critical tasks, whilst the opportunities to automate can also potentially ensure speed up the KYC process itself and help cash management accuracy. This discussion will focus on:

• How can automation within the treasury function improve KYC efficiencies, and what impact could this have?
• How can treasury groups manage their banking relationships to ensure banks are working as efficiently as possible?
• Overview of how recent and forthcoming regulatory changes will continue to effect KYC processes, and learning how to minimize their impact