e-KYC use cases in digital financial services
In this issue
Digital identity verification is rapidly growing as a direct result of digital transformation initiatives and has seen increasing growth due to the COVID-19 pandemic. Account opening is moving online, and service providers demand a secure and safe method to verify identity and for e-KYC.
This report undertakes an analysis of the technological innovations for e-KYC, compares the different approaches countries have adopted to implement e-KYC and provide information about technical standards that could be implemented to achieve interoperability at the level of the digital identity verification process.
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