What Does KYC Mean in the Banking Sector?
by Cheqly team
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KYC In Banking
In 2023, fraud losses jumped to $10 billion, up more than 14%. One way to fight fraud and money laundering is by stopping anonymous accounts and keeping an eye on suspicious activity. Financial companies do this with KYC, where they learn about their customers and track risks. Despite the fact that the programs designed to … Continued