KYC Process Automation: Benefits and Scope

KYC Process Automation: Benefits and Scope

Know Your Client (KYC) is a vital compliance measure not only in the FinTech sector, but also in finance-adjacent industries (like telecommunications) that need to authenticate client identities and gain insight into their financial risk profiles.  The KYC process reduces uncertainties in financial dealings and fulfills a legal prerequisite – financial institutions are required to implement KYC …

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