RPA in KYC Helps Reduction in Manual Efforts
Synopsis KYC processing is a vital part of any financial institution. This process helps prevention of money laundering or terrorist funding. However, manual KYC processing can slow down customer onboarding and threaten AML and KYC operations. Apart from these impediments, manual processing drives up overhead, lacks quality control, and increases fraudulent risk. Consistent AML and […]
KYC Automation: Top 10 Benefits for Improved Customer Experience
Know Your Customer (KYC) Process is an essential process in banking and financial institutions. However, with manual KYC processes, banks and financial institutions face high cost and time challenges, delayed service, inability to comply with KYC rules, and more. But the good news is here for all banking and financial heads! These challenges are easy […]