The growth of the digital economy demands organizations to maintain the digital records of end-users. Document management services are playing a pivotal role in helping enterprises create and maintain digital records of users. Government and varied global agencies are collaborating and creating norms to ensure that digital platforms are not abused by scammers. KYC and AMC are norms that collect user information, which is later used to identify and restrict usage by non-compliant users.
Know your customer compliance is growing popular because governments and global agencies are adopting it as a measure against cyber-bullying and abuse of digital assets. On the contrary, anti-money laundering compliances are required to ensure digital platforms are not abused for laundering money for terrorism or ransom.
Document management services by MattsenKumar allow organizations to smoothly collect, process, verify and store varied useful documents of their end-users. The process includes a collection of government IDs, photographs, digital signatures, and data use consent forms.