In the interview, Saliba spoke to FinextraTV’s Debi Bell-Hosking to discuss the changing KYC landscape. Alongside new regulation, developments in the KYC space are being driven by an increased volume of payments, a rise in financial crime, disruptions from artificial intelligence technology and a move towards data standardisation.

With such a rapid pace of change, Saliba explained how banks have no option but to adapt and accelerate investments in their infrastructure – and as KYC processes move away from being paper-based, banks will become better at identifying bad actors, incorporating innovations and becoming more aligned with the goals of the G20 roadmap.