Emerging Trends in KYC for Digital Banking
The digital banking revolution has transformed how we interact with financial services. Gone are the days of lining up at brick-and-mortar branches – today, banking happens on our smartphones, laptops, and tablets. Yet, while digital banking offers unparalleled convenience, it also presents unique challenges, particularly in the realm of Know Your Customer (KYC) compliance. Verifying the identities and activities of customers in a virtual environment necessitates innovative approaches and constant adaptation to stay ahead of emerging threats.