Hamburg Commercial Bank picks Know Your Customer’s onboarding solution
Hamburg Commercial Bank has chosen to implement Know Your Customer’s regtech solution as part of its ongoing digital transformation strategy, reports Jane Connolly.
The bank was looking for an efficient, centralised customer onboarding process that would cut costs, bolster compliance and improve the experience for its corporate clients, which are mainly in the real estate, energy, infrastructure and shipping sectors.
Know Your Customer – which has offices in Dublin, Hong Kong, Singapore and Shanghai – is providing the bank with anti-money laundering and know-your-customer (KYC) compliance.
“As a native of Hamburg, I am particularly delighted to be partnering with Hamburg Commercial Bank, which has embarked on a remarkable innovation journey over the past few years,” says Claus Christensen, CEO and co-founder of Know Your Customer.
He adds: “We look forward to working in close collaboration with HCOB to provide a streamlined KYC experience to their range of international corporate clients through our innovative digital solutions for on-going regulatory compliance.”
Last year Hamburg Commercial Bank set up an internal Digital Excellence Centre to focus on improving processes through innovation.
