Video KYC and Address Verification in Banking: Enhancing Compliance, Security, and Digital Onboarding
The banking industry is undergoing a rapid digital transformation, driven by customer demand for seamless onboarding and regulators’ expectations for stronger Anti-Money Laundering (AML) and Know Your Customer (KYC) controls. As physical branch visits decline, banks are increasingly adopting Video KYC and address verification to verify customer identities remotely while maintaining high compliance standards. Video…