Whitepaper: The cost of compliance and how to reduce it

KYC requirements are critical to preventing financial crime, but they also require costly and cumbersome checks on customers, impacting the bottom and top lines for financial institutions.

This new paper from Consult Hyperion explores the costs and pain points that KYC compliance creates and delves into topics including:

• Quantifying KYC costs, including lost opportunity costs from customer abandonment.
• A look at the impact of recent fines for KYC & AML failings
• How technology can reduce the cost of KYC compliance while delivering a seamless user experience 

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