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.

for more details please visit our website :https://www.fortuneviews.com/unlocking-growth-through-automation-the-impact-of-ai-on-supplier-invoice-management/