Deep Dive: Why Video-Based KYC Is Key To Seamless, Cost-Effective FI Onboarding
PYMNTS
DECEMBER 10, 2020
Know your customer (KYC) policies were introduced with the Patriot Act in 2001 following 9/11, intended to help stem the flow of funding to terrorists. Online account openings increased by as much as 15 percent when social distancing mandates were implemented. One study revealed that 73 percent of U.S.
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