For automated transactor KYC with a scalable, efficient and compliant solution, the award for Best Compliance Risk Technology Initiative goes to Security Bank.

To comply with KYC rules for transactors, the winning bank implemented a customer-centric, automated solution for Transactor Due Diligence, embedding an end-to-end KYC process into its teller system. Rolled out across its branches, it reduced processing time by 72%, reduced time significantly for repeat transactors enabling greater time saving and enhanced customer convenience. The system integrates real-time screening, automated Enhanced Due Diligence and regulatory compliance while improving sustainability.