CAMS · Question #829
Which of the following are benefits of the latest KYC solutions, including but not limited to digital onboarding, eKYC, digital identity, facial recognition, liveness checks, biometrics, and…
The correct answer is C. Reducing identity theft effectively D. Providing reliable customer authentication to enhance trust E. Decreasing the time required for customer authentication. Modern KYC solutions help reduce identity theft, provide reliable customer authentication to build trust, and shorten authentication times, enhancing both security and efficiency in customer onboarding and ongoing due diligence processes.
Question
Which of the following are benefits of the latest KYC solutions, including but not limited to digital onboarding, eKYC, digital identity, facial recognition, liveness checks, biometrics, and geolocation? (Choose three.)
Options
- AGuaranteeing 100% accuracy in regulatory compliance across all jurisdictions
- BImproving customer satisfaction by offering personalized recommendations
- CReducing identity theft effectively
- DProviding reliable customer authentication to enhance trust
- EDecreasing the time required for customer authentication
How the community answered
(52 responses)- A12% (6)
- B17% (9)
- C71% (37)
Explanation
Modern KYC solutions help reduce identity theft, provide reliable customer authentication to build trust, and shorten authentication times, enhancing both security and efficiency in customer onboarding and ongoing due diligence processes.
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