Hong Kong-based fintech firm, Know Your Customer (KYC), has recently announced a strategic partnership with JETCO (Joint Electronic Teller Services Limited), one of Asia’s leading financial services providers. This collaboration is set to revolutionize the customer onboarding process in the financial industry.
KYC is renowned for its innovative regtech solutions that enhance and automate the compliance processes within the banking sector. By leveraging artificial intelligence and machine learning technologies, KYC offers advanced identity verification, screening, and monitoring services, ensuring effective risk management for financial institutions.
JETCO, on the other hand, operates one of the largest bank-led ATM networks in Hong Kong and Macau, providing a wide range of services, including payment processing, card acquiring, and interoperable funds transfers. It plays a crucial role in facilitating secure and convenient banking transactions across the region.
The partnership between KYC and JETCO will combine the strengths of both organizations to offer a seamless onboarding experience for customers. Through this collaboration, financial institutions within the JETCO network will be able to accelerate their customer onboarding process while maintaining the highest levels of compliance and security.
“We are thrilled to join forces with JETCO to streamline the onboarding process for financial institutions. KYC aims to revolutionize how banks verify and onboard customers by deploying cutting-edge technology. This partnership will enable us to enhance our offerings and enable financial institutions to efficiently onboard customers without compromising compliance standards,” said John Thompson, CEO of KYC.
“JETCO is committed to driving digital transformation in the banking industry. Partnering with KYC will empower our member banks to seamlessly onboard customers while keeping regulatory obligations in check. Together, we will enhance customer experience, reduce costs, and contribute to the overall growth of the banking sector,” commented Angus Choi, CEO of JETCO.
Financial institutions in the JETCO network will have access to KYC’s cutting-edge technology, ensuring efficient and accurate customer due diligence. This will result in faster onboarding, reduced manual processes, and improved compliance management, ultimately leading to enhanced customer satisfaction.
Through this partnership, KYC and JETCO aim to reshape the financial industry, setting new standards for customer onboarding and compliance practices. As technology continues to revolutionize the banking sector, this collaboration will strengthen the digital transformation initiatives, allowing financial institutions to thrive in the evolving landscape.