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 Importance of KYC in Identity Security

20 years ago, when people used to do that electronically, KYC really kind of helped fraud. But over time through things like data breaches, social media, phishing, that data is now widely known by people. Now within the instructions of other authentication methods, such as biometrics and things like that, trying to bind people electronically to then their identity documents,. because we've had to, because the face of fraud has changed. So yes, so that's a kind of giving you a kind of a broad answer there, but it should help with fraud. It should do."

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