Know Your Customer (KYC) Innovation: The Rise of Jurisdictional Managed Services
The importance of innovation in the KYC space cannot be over-emphasized. Inefficient processes continue to significantly impact the global annual KYC spend of banks and other financial institutions (FIs).
Furthermore, lengthy delays in gathering required KYC information negatively impact the end-client experience, as well as FIs’ ability to timely execute clients’ requests for financial services.
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