Know your customer (KYC) is a basic step in finance. It checks who customers are and measures risk. But now, there’s a new method called perpetual KYC (pKYC). The old KYC only checked customers once. With pKYC, that’s changing. It’s not just a one-time check anymore. It’s an ongoing process that keeps updating. So, what’s the difference? Regular KYC might update every 2, 8, or 10 years. pKYC keeps checking…
