5.4 million consumers were victims of identity theft or fraud last year globally [1]. That’s up by 16% from the year 2015. Identity fraud and its related vulnerabilities are becoming increasingly rampant due to weak ID verification processes across companies. It is indeed important to keep identities safe and on-board employees, customers, vendors and partners with genuine identities only.
BFSI
What Is Re-KYC & Why Is It Important?
What Is Re-KYC? In India, Banks and other regulated financial entities are required to periodically update the Know Your Customer (KYC) details of their customers. This periodic update is referred to as Re-KYC, short for