Deep Dive: Why Video-Based KYC Is Key To Seamless, Cost-Effective FI Onboarding
PYMNTS
DECEMBER 10, 2020
The value of customers lost to lengthy KYC checks cannot be ignored, either, as they are expected to cost banks an estimated $168.9 million by 2025. Speedy, secure onboarding is vital at a time when consumers have to use digital banking to prevent health risks. One study revealed that 73 percent of U.S.
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