Know Your Customer: that’s a sound management practice for any business. And for financial organizations in the U.S., it’s a legal requirement mandated in the Bank Secrecy Act of 1970 and the USA PATRIOT Act of 2002.
Know Your Customer: that’s a sound management practice for any business. And for financial organizations in the U.S., it’s a legal requirement mandated in the Bank Secrecy Act of 1970 and the USA PATRIOT Act of 2002.
Tags: ID authentication, AI Extract, AI Authenticate, Customer Identity Intelligence, Mueller investigation, Know Your Customer
Mobile onboarding needs to be fast, frictionless, and risk-free. Minutes count. Extending the mobile onboarding process by a mere five minutes has been shown to increase the application abandonment rate by 200%.
Tags: mobile account opening, ID authentication, mobile onboarding, AI Authenticate
In financial services, retail, and healthcare, mobile onboarding has become a business necessity. But too often it suffers from the faults described in this infographic.