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Tag: digital kyc process for banks

Digital KYC Combined with Human Touch – Perfect for Protecting Your Business
Digital Marketing

Digital KYC Combined with Human Touch – Perfect for Protecting Your Business

The world has changed in recent years, and the digital age has changed customer trends. Smartphones, computers on every corner, and interconnected devices everywhere have connected all of us. If you’re in a profession that requires AML regulations, the effect of digitization is also an important factor to consider. AML compliance is crucial for detecting and preventing money laundering. When it comes to money laundering, the rise of new technologies has helped fraudsters and criminals to create fraud identities and synthetic identities. ID fraud can be done using creating fake identities or using stolen ID data for creating synthetic identities. The changes in industry trends have shown that fake identities are the most commonly presented information during an account opening, customer ...