How To Improve KYC Guideline With Blockchain?
KYC or Know Your Customer is a popular term that you would often hear in your day-to-day life. Financial institutions are emphasizing on completing KYC to have authentic data of their customers. This is not only to keep the data of the customers but also ensures the bank about the authenticity of the customers. KYC…
How Blockchain Can Help Banks In The KYC Process?
KYC or “Know Your Customer” procedures are used by banks and other financial institutions to obtain information about the identity and address of the customers. The KYC process helps to ensure that the banks are not misused by the account holders for illicit activities like money laundering. But the current procedures used for verifying customers…
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