KYC
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What is KYC & How KYC on Blockchain Can Help?
- 27 April, 2017
- Posted by: toshendra
- Category: Blockchain, Use Cases
1 Comment
Know your customer (KYC) is the process of a business, identifying and verifying the identity of its clients. The term is also used to refer to the bank regulation which governs these activities. AML & KYC are used interchangeably sometimes. Though they are completely different standards & regulations. Blockchain can be used to do the
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How Businesses Can Save Time & Money Using Blockchain-based KYC?
- 14 April, 2017
- Posted by: toshendra
- Category: Blockchain, Use Cases
KYC is a cumbersome, time-consuming, arduous and expensive process in the banking sector, financial institutions, and other businesses. There are many challenges in KYC processes, which primarily involve huge costs, effort and time. Hence, with centralized databases, the process has become quite a sort of a headache to banks and other businesses. So, let’s see