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How we use AI to fight financial crime

KYB

The know your customer (KYC) and know your business (KYB) processes are common regulatory requirements for financial institutions (FIs) that require them to establish who their customers are and understand what kind of financial activity they are involved in. Both […]

In 2022, research by customer experience management platform OvationCXM found that 76 percent of businesses have given up while onboarding a financial product or service. Among the top frustrations cited included complicated processes, lengthy waiting times, and working with too […]

Several key factors are driving the growing demand for know-your-business (KYB) solutions, including the rise of digital and online transactions, which have expanded the scope and complexity of business relationships. Another critical factor is the increasing prevalence of shell companies […]