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I believe it is not taking any credit risk but it is still taking a fraud risk and I assume still needs to meet its KYC obligations. Plus the documentation and
by cm2187 7y ago
I believe it is not taking any credit risk but it is still taking a fraud risk and I assume still needs to meet its KYC obligations. Plus the documentation and operational needs.
Anyone who works in the financial industry knows that client onboarding is painful.
- tempsy 7y agoThat’s why most banks are only approving applications from existing business customers.