[Shared Post] The small business KYC challenge for challenger banks

Jessica posted: " Compliance around Anti-Money Laundering and Know Your Customer (KYC) regulations is a challenge for many banks when it comes to on-boarding. A recent study by Thomson Reuters, covering 772 financial institutions (FIs) globally found the average time t" asmufti (asmufti@pakbizinfo.com) shared a post from Daily Fintech The small business KYC challenge for challenger banks by Jessica Compliance around Anti-Money Laundering and Know Your Customer (KYC) regulations is a challenge for many banks when it comes to on-boarding. A recent study by Thomson Reuters, covering 772 financial institutions (FIs) globally found the average time to onboard a new client currently sits 26 days. The longest reported time to onboard a new client…Read more The small business KYC challenge for challenger banks Read more of this post Jessica | March 16, 2016 at 7:00 am | Tags: kyc | Categories: Small Business Banking | URL: http://wp.me/p4L5c7-10e Comment    See all comments Change your email settings at Manage Notifications. Trouble clicking? Copy and paste this URL into your browser: https://dailyfintech.com/2016/03/16/the-small-business-kyc-challenge-for-challenger-banks/ Thanks for flying with WordPress.com