He added, “The increasing regulatory scrutiny and the need to comply with Anti-Money Laundering and Countering the Financing of Terrorism regulations have led to a growing demand for more robust Know Your Customers and compliance processes.
“With access to reliable and credible consumer data, financial services companies can comply with KYC regulations and streamline the process of verifying and authenticating customers. An efficient and secure KYC system allows these companies to reduce the risk of fraud and identity theft, making it easier to offer credit and loans to a wider range of customers.”All rights reserved.
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