KYC
Know Your Customer
FintechThe mandatory identity-verification process for financial accounts, using documents such as PAN and Aadhaar, increasingly completed digitally through video or Aadhaar-based flows.
Why it matters
KYC is the gateway to every financial product; digital KYC collapsed onboarding from days to minutes and made low-value accounts economical to serve.
Indian example
Related terms
Learn the concept
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