KYCn
KYCn is a proposed framework for interoperable Know Your Customer processes among financial institutions and other regulated entities. It seeks to streamline customer onboarding and ongoing due diligence by enabling controlled, consent-based sharing of verified identity data and risk assessments while preserving compliance with KYC and AML regulations.
Origins and scope: KYCn has emerged from industry consortia and regulatory discussions aiming to reduce duplicative
Architecture and data model: The framework envisages a common set of data elements (identity attributes, verification
Governance and regulation: KYCn would be governed by a multi-stakeholder body including financial institutions, regulators, and
Adoption and implications: Pilots and implementations have appeared in some regional ecosystems. Potential benefits include reduced