Posted March 5, 2019 in Data Analytics & Digital Technologies
“Know your customer” (KYC), a key process for banks today, remains, in most cases, a very costly and long process. Most challenges lie in the efficiency of verifying customer-provided information. With digitally verified claims, verification can be improved, accelerated, and replicated on a large scale. KYC and digitally verified claims open new business opportunities for banks to act as validators for other organizations. This Advisor explores two case studies of KYC implementation.