KYC! Know Your Customer
Know Your Customer is the most essential derivative for banks to comply with. Banks have to follow the vital procedures and guidelines of KYC to prevent themselves from the tyranny of bad guys. Effective KYC is one of the primary steps to be followed before stepping into building any relations with customers, and in order…
Shaping The Future of Fintech! eKYC & AML
Financial technology or fintech focuses on the improvement of traditional financial services. It is a new and emerging industry that is making use of technological advancements to help different financial services. Where technology is evolving faster than ever before, the concept of fintech has also reached new levels, making it altogether an industry itself. The…
This is what every bank really needs!
The world is undergoing a shift from offline to online medium! With the rapid advancements in technology, going digital has been the motto for each and every industry. Also, Covid-19 has escalated the transition more than ever before. The devastating pandemic has been a wake-up call for the entire world to shift its businesses to…
Who’s coming to your hotel?
The year 2020 was stressful in every possible way one could think of. Millions of people lost their loved ones, the whole world was under lockdown, economies of several countries declined as the production in every sector and industry came to halt with people staying at home. Almost every small to large enterprise, partnership, and…
Do You Know About Customer Due Diligence?
Financial institutions are required to perform Customer Due Diligence (which involves various identity and background checks) to ensure whether the customers are who they claim to be. It is designed to help financial institutions and banks get a clear picture of the risk profiles their customers are associated with. CDD is the process of assessing…
This Is What Every Organisation Really Needs!
Verifying identities was, is and will remain one of the most crucial steps for onboarding new employees, customers and vendors. Also, it’s a mandatory process to be followed as a part of KYC compliance while opening a new bank account, buying a new property, trading on cryptocurrency or stock trading platforms, booking a hotel or…
