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Tuesday, September 23, 2014

7:30 a.m. - 8:15 a.m.

BREAKFAST BRIEFING: REDEFINING KYC: MAKING IT EASIER FOR YOU AND YOUR CUSTOMERS

Ken Hoang, CEO and Co-Founder, STREVUS

Know your customer processes, commonly known as KYC, have now been used for more than 25 years across the globe. †Today, KYC is broader than ever, touching regulations old and new, including FATCA, EMIR, and Dodd-Frank. The systems that are currently used are inflexible, rigid, and unable to keep up with an evolving regulatory environment. †As banks step up to meet all requirements and the deadlines, their customers grow increasingly frustrated with the constant requests for information. The current approach to KYC needs to change, and there's an opportunity to lay a flexible foundation as new regulations are introduced and existing regulations continue to evolve. †Beyond maximizing efficiencies internally, banks that have innovative KYC procedures will differentiate themselves to customers. Itís about communicating and collaborating - both inside and outside the organization - to more easily exchange, validate and manage regulatory data.

Note:Breakfast will be served during the session and attendance will be guaranteed to the first TBD registrants. You may register at the conference registration counters.

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