Bank of Montreal signs up with KYC

Bank of Montreal has signed onto the service to streamline the collection and management of know your customer information (KYC). standardises and centralises operations around client onboarding and due diligence. Firms benefit from an industry-led policy standard for KYC data quality and completeness as well as lowered costs and simplified processes.

It counts 10 of the top G14 dealers as subscribers of the service. Over 2,000 buy-side firms and corporations, representing 83,000 legal entities are now using to simplify the provision of know your customer (KYC) and other documentation to their banks.