Though banking institutions want to assume the best about every customer that transacts with them, bank staff have to watch out for some bad apples. Like money launderers and financiers of illegal activities, Malicious agents can take on the guises of honest customers when they avail of your bank’s services. … Read Full Article
KYC guidelines for banks detail a thorough mechanism to check the identity credentials of incoming customers but most of them do not have a setout procedure to utilize the services of a KYC service provider. But using an automated KYC software to perform document verification or any other form of … Read Full Article
There are several KYC service providers out there that are offering KYC for banks but most of them fail on several avenues, thus the title of the blog: Know Your Customer will be “Great” thing when it works. ID verification performed by these identity verification services are haunted by issues … Read Full Article