Streamlining KYC processes for financial institutions
Verifying customer identities and conducting Know Your Customer (KYC) checks is a time-consuming process for financial institutions. A startup can develop AI-powered software solutions that automate and streamline KYC processes, reducing costs and increasing efficiency. Such technology can also enhance fraud detection and regulatory compliance.
Market size: According to MarketsandMarkets, the global RegTech market size is projected to reach $16.0 billion by 2025, growing at a CAGR of 19.8% during the forecast period.
Customer verification
United States
