Prepaid Fintech KYC Technology Report
How can prepaid & fintech firms get the balance right between compliance & convenience?
PIF is a not-for-profit trade association representing organisations who are regulated under e-money and payment services legislation and who operate in the prepaid and fintech sectors.
HooYu working in collaboration with PIF have produced a report to share insight on how the prepaid fintech sector approaches its commitment to KYC obligations.
We have gathered real-world data from PIF member organisations to understand the processes and technologies they use to onboard new customers and comply with both national and EU Anti-Money Laundering regulations.
The report includes insight and analysis into
- The extent of KYC technologies currently being used
- The efficiency of KYC the current technologies being used
- How to get the balance right between compliance & convenience