Is the Overtake of KYC by pKYC Inevitable?

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Published date: May 21, 2025
  • Location: Austin, Austin, Texas, United States
The KYC process is integral to financial institutions and apps, serving as a critical component in the broader anti-money laundering (AML) framework. However, KYC can be time-consuming, with the average onboarding process taking days for banks and minutes for modern apps. These inefficiencies lead to a significant percentage of users abandoning account creation.

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