Know your Customer Starts with Address Verification

Melissa UK Team | Address Verification, Digital Identity Verification, KYC |

Many businesses are now implementing know your customer (KYC) processes when onboarding new customers into their systems, high-risk transactions, and even general business activities. This is due to the growth in digitalisation, and the rising risk of fraudulent activity associated.

The meaning of knowing your customer is the process that companies take to verify the identity of customers before doing business with them and this tends to vary depending on the sector, compliance measures, risk and sometimes the actual business or individual.… Read More