KYC Optimization Using Distributed Ledger Technology

KYC Optimization Using Distributed Ledger Technology

KYC Optimization Using Distributed Ledger Technology

The know-your-customer (KYC) due diligence process is outdated and generates costs of up to USD 500 million per year per bank. We propose a new system, based on distributed ledger technology (DLT) that reduces the costs of the core KYC verification process for financial institutions and improves the customer experience.

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