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In the digital age, where online banking and mobile apps dominate the financial landscape, it’s easy to overlook why in-person banking still matters. However, for professionals working in the banking industry, the value of face-to-face interactions cannot be overstated.

In the digital age, where online banking and mobile apps dominate the financial landscape, it’s easy to overlook why in-person banking still matters. However, for professionals working in the banking industry, the value of face-to-face interactions cannot be overstated.

Both KYC and KYB are essential processes used by companies to verify the identities of their customers and reduce the risks related to financial crimes like fraud and money laundering. Though their goals are similar, understanding the difference between KYC and KYB is crucial for effective compliance and risk management.