24
Feb
Video KYC is the new form of customer authentic verification that businesses are using to onboard global clients as well as to comply with the regulations. Businesses can not leave KYC compliance. However, it has transformed but has it only evolved? If critically seen, reports, stats, and complaints highlight that the criminals have become sophisticated. Their main attraction is identity and by exploiting it, they can avail numerous not-so-legit benefits. As per Statista, 29% of the respondent said they have experienced an increase in identity theft. Therefore, businesses have shifted their processes online. But is it the ultimate solution? Probably…