KYC in Banking: Collecting the Right Information While Maintaining the Customer Experience
KYC in Banking: Collecting the Right Information While Maintaining the Customer Experience
13 Pages+1.919.289.1377 WHITEPAPER PROCESSMAKER.COM KYC in Banking: Collecting the Right Information While Maintaining the Customer ExperienceContents Introduction .............................................................................................................................3 What is KYC? .............................................................................................................................4 Significance of KYC in banking ......................................................................................... 4 Non-compliance leads to hefty fines .......................................................................... 6 The key to successful KYC while maintaining the customer experience: Automation .......................................................
