© Zensar Technologies © Zensar Technologies Business Benefits KYC: Leveraging the KYC on Blockchain establishes trust and authenticates the sender. Reduced time: Payments and reconciliation are completed in real time. AML: With Smart contracts regulators will be alerted base on predefined conditions. Reduction in Costs: With Blockchain, most of the Intermediaries will not be necessary for the transactions. This reduces the transaction costs. Cross Border Payments With globalization, there is an increase in global payments volume is increasing. It is growing at 5% approx. The average cost of transfer is around 7%. With the advent of new technologies, non-bank transactions have started increasing. Blockchain wi

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