Perpetual KYC

pKYC, or perpetual KYC will be carried out in real time at discrete intervals, in contrast to existing KYC which done on an ad-hoc basis. About a one minute read, link to a thirty six minute podcast provided.

Comment: now this is an excellent innovation, while technically it is easily achieved I suspect the biggest problem will be changing the culture of Financial Institutions. I ran across the problem of resistance to cultural change time and time again during my Investment Banking career. It’s tough, but with board level support, can be pulled off.