Where does AML factor in your financial infrastructure decisions?

Banking Circle is a financial infrastructure provider working with banks, payments businesses and FinTechs to provide access to a range of banking services including cross border payments, accounts, FX and lending.

Banking Circle’s philosophy is to develop solutions that fit market need. We would therefore be grateful if you could take a few minutes to complete the following survey to understand some of the key requirements when selecting partners.

To thank you for your time your details will be entered into a free prize draw for one of 10 Amazon vouchers worth £50 or the equivalent in a currency of your choice.

Thank you for your time.

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* 1. Please specify your company type

Payment business

Bank

Corporate

Government body

Trade association

Press

Other

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* 2. Please specify your seniority level:

C-level/Executive

SVP/VP

Director

Manager/team lead

Student

Other (please specify)

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* 3. Do you currently partner with other banks or service providers for any of the following back office services – tick all that apply

Trade finance services

Open account supply chain finance

Payments

Corporate treasury management services

Customer/supplier onboarding

AML

Other (please specify)

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* 4. Thinking about the next 12-24 months, do you plan to partner with other banks or service providers for any of the following back office services – tick all that apply

Trade finance services

Open account supply chain finance

Payments

Corporate treasury management services

Customer/supplier onboarding

AML

I do not plan to outsource any back office services

Other (please specify)

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* 5. How important are a potential partner’s AML capabilities when selecting a financial infrastructure provider for your payments flow? Rank between 1 and 10 with 1 being not important to 10 being very important.

Clear

i We adjusted the number you entered based on the slider’s scale.

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* 6. Are AML services of your potential partners measured as part of RFPs your organisation issues for external providers?

Yes

Don't know

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* 7. How do you measure the AML processes and capability of a potential partner (tick all that apply)?

Through specific questions in the RFP

By forensic examination of the AML process

By requesting data on pass and decline rates for other clients

We do not measure the AML processes of our potential partners

Other (please specify)

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* 8. Please rank in order of importance – from 1 for least important to 5 for most important - the following influencing factors when selecting a partner for your international payments.

	1	2	3	4	5
Banking licence	Banking licence 1	Banking licence 2	Banking licence 3	Banking licence 4	Banking licence 5
AML processes	AML processes 1	AML processes 2	AML processes 3	AML processes 4	AML processes 5
KYC onboarding	KYC onboarding 1	KYC onboarding 2	KYC onboarding 3	KYC onboarding 4	KYC onboarding 5
Account management	Account management 1	Account management 2	Account management 3	Account management 4	Account management 5
Data security	Data security 1	Data security 2	Data security 3	Data security 4	Data security 5

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* 9. If you would like to be entered into our free prize draw for one of 10 Amazon vouchers worth £50 or the equivalent in a currency of your choice please provide your contact details here.

Name

Email Address