On the banks’ side, there have been pushes forward. For example, JPMorgan has developed its Data Once platform to streamline know-your-customer compliance.
Launched in March, the unique selling point of the product is self-explanatory: customers just need to input their data once, and it can be transferred across products and geographies.
Data Once is accessed from a dashboard, displaying which aspects are still needed in the compliance process and alerting users to any queries or rejections.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
