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THE “X” Factor: Why KYC Isn’t Enough

Fighting Fraud and Financial Crime Doesn’t End at Onboarding.

KYC (Know Your Customer) is all about knowing your customers are who they say they are. But if you think your regulatory requirements stop at onboarding: think again. 

Your firm is responsible for preventing fraud and financial crimes throughout the entire customer journey.

Traditionally, financial institutions would need over a dozen solutions to verify the user’s identity, check their ID and supporting documentation, authenticate them on subsequent visits, perform ongoing screening to make sure they’re not on watchlists, monitor their transactions, manage investigations and report suspicious activity. This approach is complex, inefficient, expensive — and often simply doesn’t work.

In this guide, we’ll walk you through how Jumio KYX solves your compliance challenges throughout the customer lifecycle.

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