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Fintech research

Identity Verification May Reduce Cost of Compliance by up to 70% for Digital Lenders

Autonomous Next Whitepaper Finds Lenders Deploying AI-Powered Identity Verification Could Reduce Know Your Customer and Anti-Money Laundering Costs by up to 70%, and Improve Speed by 80% A whitepaper released by Mitek, authored by Fintech research practice Autonomous NEXT found that the opportunity is ripe for digital lenders to grow – if they continue to invest in digitisation. The whitepaper, entitled ‘European Digital Lenders: How operating efficiency is helping digital lenders attack a $150 billion annual…