KYC (Know your Customer)

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Framer

The problem

KYC is a regulatory requirement in many industries, including banking, insurance, and investment. The primary goal of KYC is to prevent fraud, money laundering, and terrorist financing by verifying the identity of customers and assessing their risk profile.

The Solution

Collect customer information: The first step in the KYC process is to collect basic information about the customer, such as their name, address, date of birth, and government-issued identification.

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