The Importance of a Shared KYC Network

Posted by Julie Esser on Jun 5, 2019 7:55:13 AM

There was a point in time when the concept of shared branching raised some eyebrows, but today the methodology is accepted, widely used and effective. And there is an important connection between the shared branching model and Know Your Customer (KYC) that is being overlooked in the credit union industry. To this end, the member experience could be better served if credit unions joined the same KYC network and provided seamless authentication to membership on a global scale.

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Topics: KYC