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Is technology failing to solve bank onboarding? Looks like it

Regulators are quickly paring back the rhetoric on KYC technology that promised to speed up bank onboarding. The problem now seems no closer to being resolved.
Is technology failing to solve bank onboarding? Looks like it

At a roadshow in Hong Kong in July, senior executives of the Monetary Authority of Singapore (MAS) were optimistic that regulatory technology, or regtech, would very soon change the way institutions handle data.

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