KYC Innovation

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.