Fintech Insider Podcast by 11:FS cover image

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

Fintech Insider Podcast by 11:FS

00:00

The Current KYC Landscape

When we started out having to do know your customer checks, this is predates probably many of us when we were working in this industry. People would need to go into a bank physically and prove their identity. Now what we do with KYC today is we do that via checking databases or checking electronic documents such as driving licenses. We've got huge growth since our e-commerce. Lots of people have started to use the internet. And that process has had to move online. It's all the regulation that comes around, hangs open up all these accounts. So it's been a fun tour of the industry. Yes.

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