In 2024, Financial fraud in Italy reached alarming levels, with over €3 billion lost due to various fraudulent activities. As per a report by Statista, incidents of financial scams have increased by 35%. It is the area where robust identity verification solutions play a huge role in Italian businesses. KYC verification is an essential step to knowing about your customers digitally and ensuring that they are genuine. If anyone fails during the KYC checks then it helps to identify fraudsters. That’s why only KYC solutions in Italy are significant in building trust in the competitive market.
