The End of Periodic Due Diligence

How UK Banks and PSPs Are Navigating the Shift to Event-Driven Compliance New research reveals why confidence in ongoing due diligence may be masking a much bigger challenge.

The financial services industry is moving towards a new compliance model.

Periodic due diligence reviews are giving way to continuous, event-driven monitoring, where changes in ownership, sanctions exposure, adverse media and other risk signals trigger immediate investigation.

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Yet while most compliance leaders believe they are prepared for this shift, our research tells a different story.

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That’s why we surveyed senior compliance professionals across UK banks and PSPs to reveal the gap between confidence and readiness to uncover the technology, resource and planning challenges that organisations must overcome to achieve continuous ODD at scale.

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What will you learn from reading this report?‍

Why 98% of compliance leaders believe they are aligned with regulatory expectations, yet only 51% have a formal trigger event framework in place
The operational realities of moving from periodic reviews to continuous monitoring
The biggest barriers preventing banks and PSPs from scaling event-driven compliance
Where organisations are struggling with automation, real-time monitoring and cross-jurisdictional complexity
Why nearly half of firms still lack a funded transition plan
How compliance leaders are thinking about build versus buy strategies
What the market's procurement activity reveals about the future of ODD technology

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Who is this report for?

Heads of Compliance
Chief Compliance Officers
Financial Crime and AML Leaders
Risk and Governance Professionals
Operations Leaders within Banks and PSPs
Decision-makers responsible for KYB and ongoing due diligence programmes

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