Dun & Bradstreet’s Insight article outlines that while AI can streamline UBO compliance, it requires accurate, up-to-date, and integrated data to avoid errors and ensure effective KYC automation

The article advises that organizations should adopt AI cautiously by ensuring their decision-making processes are predictable, repeatable, and observable, and by using clearly defined, traceable, and up-to-date real-time data for assessments. It also stresses the importance of connecting multiple UBO data sources to create a ‘living’ source of data, which is essential for incorporating AI into compliance onboarding and monitoring processes…