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Typical UK bank will waste £10m annually on inefficient KYC checks as AMLD4 regulation comes into force

A new report from Consult Hyperion, commissioned by software solutions company Mitek, has revealed that the average UK bank is currently wasting £5 million each year due to manual and inefficient Know Your Customer (KYC) processes. More details on the report’s findings featured on FX-MM, a news provider for the treasury, trading and technology industries.



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Average UK bank wastes £5 million a year on inefficient KYC checks
FX-MM, part of the Russell Publishing group, offering insight into technology, trading and treasury news from around the world. FX-MM covers breaking news, market commentaries, blogs, whitepapers and information about forthcoming industry events and conferences, and is a useful resource for those in the Financial industries.