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Explain the use of e-kyc in the banking service

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    Assignment ID: FG133051191

    E-business is the entire exchange of information through electronic media, both internal and external to the organization. The implementation of Know Your Customer (KYC) is nothing new, especially in the banking industry. Along with the current development of digitalization, the KYC process is also carried out electronically, otherwise known as Electronic Know Your Customer (e-KYC).

    Explain the use of e-KYC in the banking service process! What are the benefits that can be obtained in the e-KYC process for both the bank and the customer?

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