Know Your Customer(KYC) processes are a must. They ensure that a financial institute is complying with federal laws. It also... moreKnow Your Customer(KYC) processes are a must. They ensure that a financial institute is complying with federal laws. It also helps banks do their due diligence and protect the bottom line. While traditional KYC was a lengthy and somewhat frustrating process, eKYC is making it easier on both companies and customers.
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