Auke Dirkmaat and Adriaan Hoogduijn discuss trends in KYC - Hyarchis
Opinion matters

Auke Dirkmaat and Adriaan Hoogduijn discuss trends in KYC

published 2023-08-07

In an animated conversation, Adriaan Hoogduijn and Auke Dirkmaat highlight the most important trends in KYC for the coming years.

Two things stand out: consumers want to retain ownership of the data they provide to financial institutions, and good KYC is becoming crucial for the survival of institutions in the crypto industry.

Auke: “Consumers retain control of their own data. Compared to five or ten years ago, consumers no longer simply transfer all their data. That is an important shift when it comes to onboarding an account or taking out a mortgage or other financial product.”

Adriaan: “Consumer confidence is becoming fundamental for platforms such as Bitvavo or Binance. Being under supervised by a regulator can be the key to gaining that consumer confidence and thereby improving their competitive position.”

This week Hyarchis released the report Predictions in KYC & AML. Download here for more insights into the latest developments in effective compliance.

Written by
One Step Ahead

More interesting posts

Monitoring: the heart of a good Customer Due Diligence policy

The Wwft requires financial institutions to subject customers to a periodic audit to monitor customer behavior and identify deviations....

Read more
Welcome to the team post
Onboarding: the battle for the customer

Financial institutions have to adhere to a lot of rules. They have to check the identity of their customers, check whether they are...

Read more
Welcome to the team post (1)
Participate in Our Survey on the Future of Accountancy

Your perspective is invaluable. Towards the end of last year, the Future of Accountancy Kwartiermakers released their final report,...

Read more

Want to learn more? Subscribe to our monthly newsletter and stay one step ahead!

Contact information

Please enter your first name
Please enter your last name
Please enter company name
Which solution you are interested in?
Industry you are operating in?
*Please select atleast one interest
Please enter the message
In order to send message you have to accept our terms and conditions
Please verify that you are a human