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.

Explore the top 4 automated KYC verification providers, revolutionizing customer onboarding and compliance with cutting-edge technology.

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.