Fintech Insider Podcast by 11:FS cover image

737. Insights: Is the future of KYC truly digital?

Fintech Insider Podcast by 11:FS

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The Difference Between Know Your Business and Know Your Customer

In many ways, we could probably safely say KYB is harder because it also includes KYC. You're also looking at the owners, but usually more than one. And so it becomes a much more intense process of understanding how the company that you're working with will be moving money,. The purpose of their business, things like that. It's a very complex and deep practice area that can be very tedious and time consuming and costly for financial institutions.

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