Virtual onboarding an attractive alternative to KYC utility for PBs

18 October 2018 | 3 minutes read
Photo by Samuel Zeller on Unsplash

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…

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