ABZ financial broker is engaged with UAE banks to assist in KYC remediation for their SME/Corporate Clients.

About KYC remediation and its significance:

Banks are sitting on large know-your-customer (KYC) and due diligence backlogs. Four steps can cut them quickly and improve the customer experience by ensuring remediation efforts are better aligned with business value and the potential risks each customer poses.

Four steps to ensure a risk-based KYC and due diligence remediation

-To manage both risk and value, segment customers more finely. Most banks expend disproportionate effort on customers who pose very little or no risk.

-Deploy self-service solutions that are risk-sensitive and carry minimal execution costs. Self-service should be the default option for customers providing KYC information. By automatically posing more questions to customers whose responses suggest higher risk, the burden on less-risky customers is kept to a minimum.

-Tailor and track remediation efforts at the individual customer level. This will inform required actions and provide operations, the board and regulators a clear view of how remediation efforts are faring.

-To quicken progress, make use of third-party data, external providers and artificial intelligence (AI). There are plenty of off-the-shelf solutions and data providers that can help quickly stitch together an integrated solution. AI can then accelerate learnings from these outputs.

In the current environment, where traditional sources of financing have been constricted, efficient working capital management is of paramount importance to businesses of all sizes and financial condition. Abz Financial can assist companies at all stages of their financial life cycle. For our clients contemplating starting or expanding their businesses, we are well connected with the major financial and lending institutions. We are well experienced in the preparation of feasibility studies, borrowing and equity capital proposals, customized reports and database. ·  

Debt & Equity Structuring

Whether you are an SME or corporate, securing debt and equity is critical for stability and growth. But making that happen requires a skilled and experienced approach. To begin with, you must weigh up debt versus equity, a process that will involve considering a number of questions. Whether it’s refinancing existing debt or funding a growth strategy, our experienced team can help. We focus on delivering the financial outcomes you seek – acquiring the capital and negotiating the most favorable terms.

Trade services advisory

ABZ Financial offers efficient, cost-effective Trade Advisory services, including co-sourcing and outsourcing options. We help companies manage risk and provide more timely and transparent reporting through the application of technology-based solutions. This approach improves data management and determines data integrity and accuracy. When controversies arise, ABZ provides audit assistance, representation, advisory opinions, and reports.