KYC amortization refers to the process of spreading the cost of Know Your Customer (KYC) compliance over a certain period of time. This approach can help financial institutions manage the expenses associated with KYC, which involves verifying the identity of customers and assessing their risk profiles.
In this video, Faisal Khan explains how KYC amortization can be beneficial for both financial institutions and customers, and how it can help reduce costs and streamline compliance processes. The video provides insights and tips for implementing KYC amortization in financial institutions, making it a useful resource for professionals in the industry.
This page was last updated on March 15, 2023.