Financial Conduct aims fostering innovation and growth in the financial sector with digital sandbox.
#digitalization
Don’t risk your business.
Like many financial institutions, digital-only banks are under increasing pressure to comply with AML and KYC regulations, which require them to verify the identities of their customers.
eKYC (Electronic Know Your Customer) is a digital process of verifying the identity of a customer through the use of electronic means such as online forms, biometric authentication, and government-issued identity documents.
Integrating cybersecurity with automated KYC systems allows businesses to protect their employees, customers, and system.
Blockchain helps to strengteh know your customer (kyc) processes.
The characteristics of digital currencies is basically built using the same mathematical-computer algorithms for Blockchain 'coins', nothing new for what has already been done for Cryptocurrencies.
The blockchain-backed digital currency project created by China Government, has finally been completed.
Blockchain technology has revolutionized the financial sector by offering decentralized and transparent transaction recording, but it also faces challenges.
Our financial habits are changing along with the continually developing technology, like banking and banking activities.