Now, banks and financial institutions use the KYC formula in order to identify customers. Use of the Know Your Customer formula is intended to combat money
Customers can have different kinds of accounts at banks. SMA is the term used to describe a bank account. SMA is utilized in the banking sector
Banks will assess your creditworthiness and stability before granting the loan. FOIR allows banks to assess the financial stability of customers. This blog will explain FOIR’s complete form