Current Situation
Client data is currently stored at the institution level and not shared across entities for risk management purposes.
Goals and Objectives
A universal client profile allows for a shared network, or distributed ledger, with historical client risk related activity to be shared among industry participants for early detection of noncompliant client behavior. This improves both risk management and regulatory compliance.
Technology Deployed
AI/ML, Distributed ledger technology, Identity management
Use Case Summary
There is a central utility to hold shared reference data for market participants, effectively creating a common database for KYC purposes that is also accessible by regulators.