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Kaarel Kotkas, Founder & CEO KYC Edition DRIVING THE KYC INNOVATION SOLUTION PROVIDERS 2022 TOP KYC March 2022 Chief Marketing Officer, GARY SEVOUNTS Socure CMO OF THE YEAR TeleSign Joe Burton, CEO CONNECTING, PROTECTING AND DEFENDING DIGITAL IDENTITIES COMPANY OF THE YEARExperience + Expertise + Continuous Monitoring = Optiv Managed XDR The snowballing attack surface comes with endless static as endpoints overwhelm human efforts to process data. Let’s increase visibility, reduce cybersecurity complexity and bring focused order to the chaos. Get Started With Managed XDR www.optiv.com Secure greatness ™ CybersecurityVisualizers Nicholas Wilson Monica PhilipLeona George Printing and Circulation Sandy Philip Christopher MarkusAlex George Graphic Designers James WilliamsAndrew Sebastian editor@grcoutlook.com Michael Robert Edward JohnDave Walker Editorial staffs Sujay Kodoor Scott Morson Creative Team Vishnu Santhosh Natasha Jacob Managing Editor Editor-in-Chief At GRC Outlook Magazine, a team of industry veterans, editors, and cybersecurity specialists are on a constant quest to portray the best and the most innovative security solutions available in the industry so that you don’t’ have to take the trouble of finding the finest technology partner. In addition, our print and digital magazine provide CIO's and CISO's viewpoints on the latest security and compliance trends that are existing in the industry. 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For permissions contact: ICON Media Inc. 30 N Gould St Ste R Sheridan, WY 82801 (646) 396 6545 Richard Taylor Jennifer LetaLowrence Tse Benny DavisSam Morris Sales benny@grcoutlook.com sales@grcoutlook.com Copyright © ICON Media Inc. 2022 Subscribe @Amidst the pandemic, the new wave of increased global regulation has made KYC as important as it can be, while making it difficult to implement and more expensive than ever before. Businesses that previously got away with treating KYC compliance as a checkmark operation now find themselves facing an immediate future filled with questions. According to some of the recent research, future KYC compliance is all about Perpetual KYC. Companies should take this opportunity to start working with structured data providers that offer real-time, event-based monitoring of changes in customer details. Meanwhile, some institutions try to build an industry-scale solution right away, without proving the concept’s viability by delivering tangible results quickly. The failure of these overambitious designs reveals that banks should never underestimate the difficulty of aligning processes across member institutions. However, as new regulations and a different attitude to the KYC arena are growing, businesses cannot afford to let their guard down. In the meantime, technological innovation will continue to evolve, as will best practices and the expectations of regulators, governments, and actors both inside and outside the system. These trends have already begun to reshape the known world of KYC compliance and could lead to a more flexible process and operation. This special edition on KYC solution providers is to help you understand the changing rhythm of the KYC space. We’ve also included insights from the KYC experts and industry veterans to help you align better with the modern KYC trends. We hope this edition adds value to your KYC initiatives. Voice of the Editor Natasha Jacob Editor-in-Chief STEP INTO PERPETUAL KYCCOVER STORY Page No 08 The Most Integrated Intelligent Underwriting Solution AGREEMENT EXPRESS David O’Brien, CEO 26 Joe Burton, CEO Chief Marketing Officer, GARY SEVOUNTS TeleSign Socure COMPANY OF THE YEAR CMO OF THE YEAR 22 16 CONNECTING, PROTECTING AND DEFENDING DIGITAL IDENTITIES Kaarel Kotkas, Founder & CEO DRIVING THE KYC INNOVATION SOLUTION PROVIDERS 2022 TOP KYCCONTENT PAGE Building Trust at Scale Creating Equal Opportunities in Africa Through Digital Identity Online Trust to the Next Level Embrace the Global Digital Identity Ecosystem COMPLYCUBECOMPULYNXJUMIOUBISECURE Dr. Tarek Nechma, CEO Sailesh Savani, Founder & CEO Robert Prigge, CEO Steve Waite, CMO 32 3438 42 24 46 44 19 29 36 WHAT DOES KYC LOOK LIKE IN THE YEAR 2022? A NEW DISRUPTOR IN THE PAYMENTS ECOSYSTEM THE EVOLUTION OF KYC YOUR CLIENT IS INVOLVED IN THE CANNABIS INDUSTRY. NOW WHAT? KYC REQUIREMENTS AND CHALLENGES THE ROOT OF CYBER SECURITY FAILURES Adora Nwazota, Compliance Manager Eric Robuck, CEO, CISO, THE VALANDER GROUP David O’Brien, CEO, Agreement Express Renitha Singh, Group Financial Crime Compliance Officer Rebecca Schauer Robertson, CAMS- Audit, CAFP, CFE SVP Director FIU Atlantic Union Bank Edwin Hogans-KYC Senior Expert; Vaughn Swartz, Executive Vice PresidentCOVER STORY DRIVING THE KYC INNOVATION SOLUTION PROVIDERS 2022 TOP KYCT he Covid-19 pandemic escalated the digital transformation for businesses of all sizes and sectors worldwide. This digital sprint has brought along many new opportunities for businesses to operate securely online, using trusted identity software to avoid the danger posed by bots and deep fakes. Identity verification has become relevant for every business to operate and succeed online, and it is the first critical step for knowing who the customer is. Moreover, businesses also have to face the changing compliance requirements as well as the increasingly stringent “know your customer” (KYC) regulations that are sweeping the globe. As a result, it has never been more critical for organizations to stay on top of their local KYC regulations, taking the time to fully understand the ins and outs of their respective programs in order to avoid being hit with large fines and Next >