Chris Hooper

Getting your Know Your Customer (KYC) strategy right is a key element in giving your customers the smooth onboarding process they increasingly expect.

Finserv

How to build a KYC approach for your neobank | Veriff.com

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How to build a best-in-class KYC approach for your neobank

Maksim Afanasjev

Customer onboarding is the process of welcoming new customers into your business, while KYC (Know Your Customer) is a process of identifying and verifying individuals and their level of risk. It is important to note that not all customer onboarding involves KYC.

Customer onboarding in KYC is the process of identifying and verifying individuals before they become customers of a business. This involves validating information such as their name, date of birth, and address to ensure compliance with regulatory requirements and prevent financial crimes like money laundering. 

The KYC onboarding process is the customer due diligence (CDD) process that regulated entities such as banks are required to undertake before they onboard a new customer. The ultimate goal of the KYC onboarding process is to fight fraud, money laundering, and tax evasion.

Explore KYC onboarding: its meaning, purpose, and tips for optimizing the process for businesses. Essential reading for compliance professionals.

Complete Guide to KYC Onboarding | Veriff.com

A blog about KYC onboarding, including what KYC onboarding entails, the purpose of KYC onboarding, and optimizing the KYC onboarding process. 

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Mastering KYC onboarding: Your ultimate guide with a comprehensive checklist

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KYC Business focuses on the practical aspects of KYC, such as customer onboarding, risk assessment, and ongoing monitoring in a business context.

KYC Business | Customer Onboarding | Veriff.com

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