Conducting virtual onboarding via a closed system know-your-client (KYC) app is a compelling alternative for private banks concerned about client maintenance and data privacy issues that might accompany a shared KYC utility. “While the virtual onboarding is discussed widely for the upcoming virtual banking setups, historic private banks are also interested as the use of an app to conduct onboarding…
Virtual onboarding an attractive alternative to KYC utility for PBs

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