As Italian Banks, financial institutes, insurance companies, fintech companies, cryptocurrency platforms, forex, trading businesses and other financial businesses rapidly do digital client onboarding and transactions, it becomes really very important to know your client quickly and accurately. GDPR regulators also keep changing their regulations to protect the data of European people and minimise financial fraud. Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) are integral parts of the identity verification process and help financial and non-financial industries to identify money launderers, financial criminals and identity fraud.
