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8/02/18 - Blockchain Helps Banks Streamline Know Your Customer Processes

Chief Operating Officer of Promontory Australasia Alex Carmichael published an article in Bloomberg Law on the challenges banks are facing with respect to know-your-customer requirements and onboarding processes, and how blockchain could help facilitate a more open, transparent, secure, and efficient approach to KYC compliance.

“In Singapore, large banks have already begun proving the value of this strategy,” Carmichael says.

Click here to read the full article.