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Stakeholders’ “widely divergent” needs were a challenge for halted KYC project: ABS

The Association of Banks in Singapore (ABS) has identified stakeholders’ “widely divergent” needs as a key takeaway from the halted shared KYC utility as they have contributed to a longer and more complicated process which required more stakeholder management than previously anticipated. “The parties involved in the project are of the firm view that KYC remains an industry-wide pain point…

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