Traceto.io- overview of its services and products
The KYC process is an important process however not all companies and institutions are capable of being fully compliant with the rules and regulations of KYC. Banks and other financial institutions are struggling to meet the regulatory costs. This is the present situation of KYC. On the other hand, future of KYC is more challenging due to the lack of coherent regulation. Moreover, the digital assets are pseudo-anonymous which again causes the problem in satisfying KYC challenges. A compliant solution is thus needed which is fulfilled by traceto.io . What is KYC and focus of traceto.io? We all are familiar with KYC process; it is know your customer or KYC that involves the various set of a process including terrorism financing, money launderings, credit worthiness and other associated risks. These risks are commonly associated with any customer-relationship business. The present-day KYC is full of problems like; • Security issues, • data siloing, • vulnerability to so