How Technology Can Help PSPs Build Their pKYC Frameworks

Payment Service Providers (PSPs) face increasing challenges with manual, time-consuming KYC processes. Perpetual KYC (pKYC) offers a streamlined, proactive alternative to enhance compliance and operational efficiency. This whitepaper explores how PSPs can leverage technology to build effective pKYC frameworks. In this whitepaper, we discuss:
  • Why pKYC’s continuous monitoring is more effective than traditional KYC for PSPs.
  • The key benefits of pKYC, including cost savings, improved accuracy, and operational efficiency.
  • How AI and machine learning technology streamline KYC processes and reduce manual effort.
  • How Owlin’s platform helps PSPs optimize onboarding, continuous monitoring, and offboarding.

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