Challenger banks gear up for KYC battle
Challenger banks are in fierce competition to build economies of scale as they square up to traditional players. But they face a stiff test in onboarding customers quickly and easily while also meeting increasingly onerous know your customer (KYC)
Dope demand means US banks get high in risk
The number of US banks servicing marijuana-related businesses (MRBs) is surging. This lucrative clientele come with higher risks that banks will need to manage carefully, regardless of proposed laws designed to help. But sophisticated technology could also