eKYC, or electronic Know Your Customer, refers to the digital verification of a customer's identity. It's commonly used in the financial sector and other regulated industries to onboard new customers remotely, verify existing customer data, and comply with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. eKYC typically involves the use of technologies like facial recognition, document verification, and database checks to confirm a customer's identity.
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