KYC (Know Your Customer) is a verification process used by banks, financial platforms, and other regulated companies to confirm the identity of their users. Its main purpose is to keep systems safe by preventing fraud, money laundering, and illegal activities. Through KYC, organizations check basic information like a person’s name, age, and identity documents to make sure the account truly belongs to the right individual. This helps create a secure and trustworthy environment for everyone using the service.w... Read more