The growing trend of eKYC in Banking – How trueID can help?

In the business world, nothing is more important than acquiring new customers because that’s how a company can progress and stay ahead of competitors. However, it is imperative to know the previous and current business dealings of every new customer to avoid issues like fraud, money laundering, etc.
That’s the main reason why financial institutions make sure that KYC (Know Your Customer) gets done properly so that they can fully comply with the Anti-Money laundering (AML) laws in place. When a satisfactory KYC check gets done, your chances of paying regulatory fines or being the victim of fraud get reduced significantly.
In the present scenario, customers are interested in getting KYC done online so that they don’t have to waste precious hours meeting the concerned relationship manager in person. eKYC means online KYC, which can be done by simply responding to some mandatory questions over a video call.
It is worthy to note that to cover all bases, two different KYC approaches have been developed: Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD).

Heading 2

Sub text – CDD is a KYC verification process that does the background verification of each customer and evaluates the risk associated. This verification process is important to avoid running into financial issues related to poor creditworthiness and violation of AML (Anti-Money Laundering) or CTF (Counter-Terrorist Financing) policies.

Heading 3

Sub text – CDD is a KYC verification process that does the background verification of each customer and evaluates the risk associated. This verification process is important to avoid running into financial issues related to poor creditworthiness and violation of AML (Anti-Money Laundering) or CTF (Counter-Terrorist Financing) policies.

  1. Heading 4

    Sub text – CDD is a KYC verification process that does the background verification of each customer and evaluates the risk associated. This verification process is important to avoid running into financial issues related to poor creditworthiness and violation of AML (Anti-Money Laundering) or CTF (Counter-Terrorist Financing) policies.

  2. Heading 4

    Sub text – CDD is a KYC verification process that does the background verification of each customer and evaluates the risk associated. This verification process is important to avoid running into financial issues related to poor creditworthiness and violation of AML (Anti-Money Laundering) or CTF (Counter-Terrorist Financing) policies.

Caption : Ho Chi Minh city is one of the most emerging city in the world

Heading 3

Sub text – CDD is a KYC verification process that does the background verification of each customer and evaluates the risk associated. This verification process is important to avoid running into financial issues related to poor creditworthiness and violation of AML (Anti-Money Laundering) or CTF (Counter-Terrorist Financing) policies.

Heading 3

Sub text – CDD is a KYC verification process that does the background verification of each customer and evaluates the risk associated. This verification process is important to avoid running into financial issues related to poor creditworthiness and violation of AML (Anti-Money Laundering) or CTF (Counter-Terrorist Financing) policies.

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The growing trend of eKYC in Banking - How trueID can help?

In the business world, nothing is more important than acquiring new customers because that’s how a company can progress and stay ahead of competitors. However, it is imperative to know the previous and current business dealings of every new customer to avoid issues like fraud, money laundering, etc.That’s the main reason why financial institutions make sure that KYC (Know Your Customer) gets done properly so that they can fully comply with the Anti-Money laundering (AML) laws in place. When a satisfactory KYC check gets done, your chances of paying regulatory fines or being the victim of fraud get reduced significantly. In the present scenario, customers are interested in getting KYC done online so that they don’t have to waste precious hours meeting the concerned relationship manager in person. eKYC means online KYC, which can be done by simply responding to some mandatory questions over a video call.It is worthy to note that to cover all bases, two different KYC approaches have been developed: Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD). Heading 2 Sub text – CDD is a KYC verification process that does the background verification of each customer and evaluates the risk associated. This verification process is important to avoid running into financial issues related to poor creditworthiness and violation of AML (Anti-Money Laundering) or CTF (Counter-Terrorist Financing) policies. Heading 3 Sub text – CDD is a KYC verification process that does the background verification of each customer and evaluates the risk associated. This verification process is important to avoid running into financial issues related to poor creditworthiness and violation of AML (Anti-Money Laundering) or CTF (Counter-Terrorist Financing) policies. Heading 4 Sub text – CDD is a KYC verification process that does the background verification of each customer and evaluates the risk associated. This verification process is important to avoid running into financial issues related to poor creditworthiness and violation of AML (Anti-Money Laundering) or CTF (Counter-Terrorist Financing) policies. Heading 4 Sub text – CDD is a KYC verification process that does the background verification of each customer and evaluates the risk associated. This verification process is important to avoid running into financial issues related to poor creditworthiness and violation of AML (Anti-Money Laundering) or CTF (Counter-Terrorist Financing) policies. Caption : Ho Chi Minh city is one of the most emerging city in the world Heading 3 Sub text – CDD is a KYC verification process that does the background verification of each customer and evaluates the risk associated. This verification process is important to avoid running into financial issues related to poor creditworthiness and violation of AML (Anti-Money Laundering) or CTF (Counter-Terrorist Financing) policies. Heading 3 Sub text – CDD is a KYC verification process that does the background verification of each customer and evaluates the risk associated. This verification process is important to avoid running into financial issues related to poor creditworthiness and violation of AML (Anti-Money Laundering) or CTF (Counter-Terrorist Financing) policies....
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The growing trend of eKYC in Banking - How trueID can help?

In the business world, nothing is more important than acquiring new customers because that’s how a company can progress and stay ahead of competitors. However, it is imperative to know the previous and current business dealings of every new customer to avoid issues like fraud, money laundering, etc.That’s the main reason why financial institutions make sure that KYC (Know Your Customer) gets done properly so that they can fully comply with the Anti-Money laundering (AML) laws in place. When a satisfactory KYC check gets done, your chances of paying regulatory fines or being the victim of fraud get reduced significantly. In the present scenario, customers are interested in getting KYC done online so that they don’t have to waste precious hours meeting the concerned relationship manager in person. eKYC means online KYC, which can be done by simply responding to some mandatory questions over a video call.It is worthy to note that to cover all bases, two different KYC approaches have been developed: Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD). Heading 2 Sub text – CDD is a KYC verification process that does the background verification of each customer and evaluates the risk associated. This verification process is important to avoid running into financial issues related to poor creditworthiness and violation of AML (Anti-Money Laundering) or CTF (Counter-Terrorist Financing) policies. Heading 3 Sub text – CDD is a KYC verification process that does the background verification of each customer and evaluates the risk associated. This verification process is important to avoid running into financial issues related to poor creditworthiness and violation of AML (Anti-Money Laundering) or CTF (Counter-Terrorist Financing) policies. Heading 4 Sub text – CDD is a KYC verification process that does the background verification of each customer and evaluates the risk associated. This verification process is important to avoid running into financial issues related to poor creditworthiness and violation of AML (Anti-Money Laundering) or CTF (Counter-Terrorist Financing) policies. Heading 4 Sub text – CDD is a KYC verification process that does the background verification of each customer and evaluates the risk associated. This verification process is important to avoid running into financial issues related to poor creditworthiness and violation of AML (Anti-Money Laundering) or CTF (Counter-Terrorist Financing) policies. Caption : Ho Chi Minh city is one of the most emerging city in the world Heading 3 Sub text – CDD is a KYC verification process that does the background verification of each customer and evaluates the risk associated. This verification process is important to avoid running into financial issues related to poor creditworthiness and violation of AML (Anti-Money Laundering) or CTF (Counter-Terrorist Financing) policies. Heading 3 Sub text – CDD is a KYC verification process that does the background verification of each customer and evaluates the risk associated. This verification process is important to avoid running into financial issues related to poor creditworthiness and violation of AML (Anti-Money Laundering) or CTF (Counter-Terrorist Financing) policies....
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The growing trend of eKYC in Banking - How trueID can help?

In the business world, nothing is more important than acquiring new customers because that’s how a company can progress and stay ahead of competitors. However, it is imperative to know the previous and current business dealings of every new customer to avoid issues like fraud, money laundering, etc.That’s the main reason why financial institutions make sure that KYC (Know Your Customer) gets done properly so that they can fully comply with the Anti-Money laundering (AML) laws in place. When a satisfactory KYC check gets done, your chances of paying regulatory fines or being the victim of fraud get reduced significantly. In the present scenario, customers are interested in getting KYC done online so that they don’t have to waste precious hours meeting the concerned relationship manager in person. eKYC means online KYC, which can be done by simply responding to some mandatory questions over a video call.It is worthy to note that to cover all bases, two different KYC approaches have been developed: Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD). Heading 2 Sub text – CDD is a KYC verification process that does the background verification of each customer and evaluates the risk associated. This verification process is important to avoid running into financial issues related to poor creditworthiness and violation of AML (Anti-Money Laundering) or CTF (Counter-Terrorist Financing) policies. Heading 3 Sub text – CDD is a KYC verification process that does the background verification of each customer and evaluates the risk associated. This verification process is important to avoid running into financial issues related to poor creditworthiness and violation of AML (Anti-Money Laundering) or CTF (Counter-Terrorist Financing) policies. Heading 4 Sub text – CDD is a KYC verification process that does the background verification of each customer and evaluates the risk associated. This verification process is important to avoid running into financial issues related to poor creditworthiness and violation of AML (Anti-Money Laundering) or CTF (Counter-Terrorist Financing) policies. Heading 4 Sub text – CDD is a KYC verification process that does the background verification of each customer and evaluates the risk associated. This verification process is important to avoid running into financial issues related to poor creditworthiness and violation of AML (Anti-Money Laundering) or CTF (Counter-Terrorist Financing) policies. Caption : Ho Chi Minh city is one of the most emerging city in the world Heading 3 Sub text – CDD is a KYC verification process that does the background verification of each customer and evaluates the risk associated. This verification process is important to avoid running into financial issues related to poor creditworthiness and violation of AML (Anti-Money Laundering) or CTF (Counter-Terrorist Financing) policies. Heading 3 Sub text – CDD is a KYC verification process that does the background verification of each customer and evaluates the risk associated. This verification process is important to avoid running into financial issues related to poor creditworthiness and violation of AML (Anti-Money Laundering) or CTF (Counter-Terrorist Financing) policies....
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