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DLT-based solutions

ArticlesTechnologies to Know Your Client Better: DLT for KYC
The increased amounts of data flows have made the demand for correct, secure, and fast remote verification and KYC (Know Your Customer) procedures more urgent.
Digital documents management and remote personal verification remain a complicated and expensive process. Financial organizations, banks, and businesses around the world are now shifting to online, and communications with customers and partners have become digital. The increased amounts of data flows have made the demand for correct, secure, and fast remote verification and KYC (Know Your Customer) procedures more urgent. Financial departments can use blockchain and DLT solutions to improve verification procedures and make the financial sector efficient and accessible for remote performance.

KYC Is a Significant Object of Expenditure

Hong Kong's Private Wealth Management Association (PWMA) and KPMG found in their investigation that 95% of Hong Kong banks spent most expenses on KYC audits and anti-money laundering (AML). Ap
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