Hosted Managed Services for KYC/AML, really?

Hosted Managed Services–A crucial option for institutions striving to maximize RegTech capabilities, focus on core business

Custom fit. Tailored. Bespoke. Made to order. 

If you’ve been tracking trends in RegTech and GRC solutions, you might recognize how those terms describe an innovative new direction: hosted managed services.

Prior to the pandemic, very few customers requested hosted solutions. Customers unequivocally required the PII of their clients to remain entirely inside their on-site firewalls. Then came the plague, and financial institutions realized it was just as secure—and
in some cases more secure—to safeguard their data behind a network of security professionals whose deep expertise was to keep data safe but still accessible.

This was only the first part of…