How can we solve the complex challenge of financial crime that so directly impacts and requires involvement from clients and those that serve them, without actually engaging clients? Our first principles thinking includes the below and is continuously evolving as we respond to the ever-changing world of crime and commerce. This enables us to think outside traditional approaches to solving this complex problem.
The effectiveness of an anti-financial crime program depends on the active participation of clients. Client participation, as we have learnt from other similar endeavours, relies on clients having access to skilled professionals they can trust.
Trust comes from the ongoing ability to verify claims and skills. Client Fabric will source, select, upskill, test and issue verifiable credentials including the verifiable skills needed to become a 'Certified Due Diligence Professional'. Clients and businesses can trust CDDPs based on their ability to verify skills and credentials on demand.
Financial crime, commerce, and client expectations are all continuously evolving and so must our response to effectively manage these.
Build an ecosystem that empowers, and enables clients and businesses to effectively fight financial crime and fuel commerce.