The KYC process is integral to financial institutions and apps, serving as a critical component in the broader anti-money laundering (AML) framework. However, KYC can be time-consuming, with the average onboarding process taking days for banks and minutes for modern apps. These inefficiencies lead to a significant percentage of users abandoning account creation.

for more details please visit our website :https://www.secuzine.com/is-the-overtake-of-kyc-by-pkyc-inevitable/