Let's explore the benefits and considerations of document verification vs non-documentary verification, with a focus on how platforms like Footprint are revolutionizing the verification process.
For businesses looking to optimize their user onboarding while enhancing security and compliance, Footprint offers a compelling, forward-thinking solution.
This process, known as Know Your Customer or KYC, is vital in preventing financial crimes. It helps institutions ensure they're not inadvertently aiding money laundering or other illicit activities.
Digital Know Your Customer (eKYC) is the process by which banks and other financial institutions verify the identity of their clients online to assess the risk they might pose before establishing a business relationship.
