Breaking Down the Steps to Successful KYB Digitisation
The Know Your Business (KYB) process is a series of business verification procedures that banks perform to onboard corporate clients. Digitising this process can future-proof the compliance function by streamlining onboarding workflows and strengthening risk management.
5 Benefits of Digitising Know Your Business (KYB) Processes
The onboarding journey is one of the first impressions a corporate client has of a financial institution. Digitising the Know Your Business (KYB) process can enhance client satisfaction and strengthen a bank’s competitive advantage.