Some Insights to KYC, KYB, and What They Mean to Businesses
Too Long; Didn't Read Some Insights to KYC, KYB, and What They Mean to Businesses. Businesses are evolving in the digital era where fraud and crime have many faces. The risk is coming from all the stakeholders of a company and proactive risk prevention is inevitable. The demand for KYC and KYB screening solutions is increasing as it shares the compliance burden of the businesses. The identity verification industry is gaining hype, and it is expected to grow at a growth rate of 16% during the period of 2019 to 2024.