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Your AI KYC tool won’t save you in an audit
['Allan Davison']
IT-Online
Your AI KYC tool won’t save you in an auditSouth African companies are buying AI-powered compliance tools faster than they’re reading the regulation those tools are supposed to satisfy.
KYC products are being sold on faster onboarding, lower friction, and better UX.
A model that produces an output without a traceable, human-readable rationale isn’t a compliance tool.
Buying an AI KYC product is not a compliance programme.
They’re the ones that deployed it with rigour, as a tool that makes their compliance programme faster, sharper, and more defensible.