KYC, which stands for “Know Your Customer,” is an important process for businesses that is used to verify the identity and address of their customers. It’s a way to make sure they know who they’re doing business with. Digital KYC Verification is essential for preventing fraud, money laundering, and other financial crimes so that you can ensure a safe environment for financial transactions. This process helps in building trust between you and your customers as it ensures your customers that you do care for their security.