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Fintechs and the KYC conundrum; other top tech, startup stories this week

KYC is best understood as the doorway to formal banking channels. So improper KYC can open up banking to the risks of money laundering, fraudulent transactions and such. When customers open bank accounts, they need to submit identity documents, PAN cards to be verified by bank officials as a part of the KYC process.
United States Bharath Ram Brendan Carr Riju Ravindran Pulkit Trivedi Pratik Bhakta

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