Due to the particular complexity of the information required from private clients, private banks will only appear much further down the KYC utility adoption timeline, according to a regtech expert. Owing to the nature of private banking — sizable wealth, complex products and services, and higher vulnerability to money laundering compared to other banking segments — the onboarding rules governing private banks are…
PBs will likely be late on the KYC utility train
16 August 2018

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