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KYC/AML Compliance Checklist for FinTechs

KYC/AML Compliance Checklist for FinTechs

by | Apr 15, 2023 | RADD BUZZ

The success of FinTech companies is primarily predicated on their ability to challenge conventional banking models through technology. Still, they must also remain vigilant in ensuring that their products and operations do not cross the line of KYC/AML protocols. ...
What is Enhanced Due Diligence (EDD) in Banking?

What is Enhanced Due Diligence (EDD) in Banking?

by | Nov 10, 2022 | RADD BUZZ

Enhanced Due Diligence (EDD) is a risk-based approach to KYC procedures. It was developed in response to the increasingly complex financial crime environment. Banks have always been required to know their customers before providing them with banking services, but...