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FAQS
Knowledge Centre
Our comprehensive resource hub is designed to help you master the art of document-driven compliance.

FAQS

  • Fidify was founded with the idea of safeguarding user integrity in a digital world and the belief that compliance shouldn’t be a burden. Recognizing the challenges of managing countless documents in traditional KYC processes, we set out to create a platform that automates and secures document handling—making compliance simpler, faster, and more reliable.
Do templates update with regulatory changes?

KYC is a standard procedure employed by businesses, particularly financial institutions, to verify the identities of their clients. This critical practice helps prevent fraud, money laundering, and other illicit activities by ensuring that organizations have a comprehensive understanding of who their customers are. By implementing KYC measures, businesses can enhance security and maintain compliance with regulatory standards, ultimately fostering trust within the financial system.

Why is KYC important?

KYC is a standard procedure employed by businesses, particularly financial institutions, to verify the identities of their clients. This critical practice helps prevent fraud, money laundering, and other illicit activities by ensuring that organizations have a comprehensive understanding of who their customers are. By implementing KYC measures, businesses can enhance security and maintain compliance with regulatory standards, ultimately fostering trust within the financial system.

How Can Technology Help with KYC?

KYC is a standard procedure employed by businesses, particularly financial institutions, to verify the identities of their clients. This critical practice helps prevent fraud, money laundering, and other illicit activities by ensuring that organizations have a comprehensive understanding of who their customers are. By implementing KYC measures, businesses can enhance security and maintain compliance with regulatory standards, ultimately fostering trust within the financial system.

Is my information safe during KYC?

KYC is a standard procedure employed by businesses, particularly financial institutions, to verify the identities of their clients. This critical practice helps prevent fraud, money laundering, and other illicit activities by ensuring that organizations have a comprehensive understanding of who their customers are. By implementing KYC measures, businesses can enhance security and maintain compliance with regulatory standards, ultimately fostering trust within the financial system.

How does Fidify Portal help businesses remain compliant?

KYC is a standard procedure employed by businesses, particularly financial institutions, to verify the identities of their clients. This critical practice helps prevent fraud, money laundering, and other illicit activities by ensuring that organizations have a comprehensive understanding of who their customers are. By implementing KYC measures, businesses can enhance security and maintain compliance with regulatory standards, ultimately fostering trust within the financial system.

Will your support team ensure KYC requirements are updated in accordance with regulatory changes?

KYC is a standard procedure employed by businesses, particularly financial institutions, to verify the identities of their clients. This critical practice helps prevent fraud, money laundering, and other illicit activities by ensuring that organizations have a comprehensive understanding of who their customers are. By implementing KYC measures, businesses can enhance security and maintain compliance with regulatory standards, ultimately fostering trust within the financial system.

Does Fidify support document management capabilities?

KYC is a standard procedure employed by businesses, particularly financial institutions, to verify the identities of their clients. This critical practice helps prevent fraud, money laundering, and other illicit activities by ensuring that organizations have a comprehensive understanding of who their customers are. By implementing KYC measures, businesses can enhance security and maintain compliance with regulatory standards, ultimately fostering trust within the financial system.

Do you offer continuous support and training?

KYC is a standard procedure employed by businesses, particularly financial institutions, to verify the identities of their clients. This critical practice helps prevent fraud, money laundering, and other illicit activities by ensuring that organizations have a comprehensive understanding of who their customers are. By implementing KYC measures, businesses can enhance security and maintain compliance with regulatory standards, ultimately fostering trust within the financial system.

Does Fidify assist with both B2B and B2C onboarding?

KYC is a standard procedure employed by businesses, particularly financial institutions, to verify the identities of their clients. This critical practice helps prevent fraud, money laundering, and other illicit activities by ensuring that organizations have a comprehensive understanding of who their customers are. By implementing KYC measures, businesses can enhance security and maintain compliance with regulatory standards, ultimately fostering trust within the financial system.

Is there a limit to the number of Clients you can maintain within the Fidify Portal?

KYC is a standard procedure employed by businesses, particularly financial institutions, to verify the identities of their clients. This critical practice helps prevent fraud, money laundering, and other illicit activities by ensuring that organizations have a comprehensive understanding of who their customers are. By implementing KYC measures, businesses can enhance security and maintain compliance with regulatory standards, ultimately fostering trust within the financial system.

Are there features that are available at an additional cost?

KYC is a standard procedure employed by businesses, particularly financial institutions, to verify the identities of their clients. This critical practice helps prevent fraud, money laundering, and other illicit activities by ensuring that organizations have a comprehensive understanding of who their customers are. By implementing KYC measures, businesses can enhance security and maintain compliance with regulatory standards, ultimately fostering trust within the financial system.