KYC stands for “Know Your Customer.” It is a process used by businesses and organizations to verify the identity of their customers or clients. The purpose of KYC is to prevent fraud, money laundering, and other illegal activities.
The KYC process typically involves collecting personal information from the customer, such as their name, address, date of birth, and government-issued identification. The information is then verified using various methods, such as checking the validity of the identification documents or conducting background checks.
Our “Enefti Core” is using the KYC (Know Your Customer) technology to verify the identity of users and ensure compliance with laws and regulations. This way you can be sure that you can accept users from a certain country and reject from other countries.