How can a company meet compliance requirements without frustrating the customer?
With regulations changing at a dizzying rate, banks and financial institutions find it difficult to meet all the Know Your Customer (KYC) requirements and at the same time, provide satisfactory user experience while onboarding new applicants. On the one-hand, they face stiff fines for non-compliance. On the other, they can lose customers at the onboarding stage if the experience is slow.
Discover how to:
Save time in ID verification during onboarding
Detect fraudulent and criminal activities like money laundering, terror financing, etc.
Complete transactions in a more secure manner by verifying users during the transaction process
Adhere to compliance requirements while conducting KYC of new applicants.