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 How Karza’s Total KYC Is Revolutionising Onboarding Processes In Banks- How Karza’s Total KYC Is Revolutionising Onboarding Processes In Banks
- October 27, 2022
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Banks and financial institutions must conduct ‘Know Your Customer’ or KYC checks for verifying the identity of customers, partners, and vendors prior to establishing a business relationship with them.
Banks and financial institutions must conduct ‘Know Your Customer’ or KYC checks for verifying the identity of customers, partners, and vendors prior to establishing a business relationship with them. The objective of KYC is to prevent financial services from being used for any illicit activities and lower the risk of fraud. KYC has thus become an integral part of onboarding for banks and FIs.
Typically, banks verify KYC for opening accounts for new customers and commencing a relationship wit...
- View more at: https://www.1888pressrelease.com/how-karza-s-total-kyc-is-revolutionising-onboarding-processe-pr-714040.html
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