KYC in banking : What you should know
Know Your Customer (KYC) is a regulatory and legal requirement for financial institutions such as banks, insurance companies, and investment firms. The KYC process involves verifying the identity of the customer, assessing their financial activities, and evaluating potential risks of doing business with them. In this article, we will discuss the importance of KYC in banking, the different types of KYC, and the technological solutions that banks are using to improve their KYC process.
