Updation of KYC’s and Signatures

KYC (Know Your Customer) is a process that financial institutions and other regulated entities use to verify the identity of their clients or customers. It involves collecting personal information and documentation from customers, such as passports or driver’s licenses. Over time, this information may change due to various reasons, such as moving to a new address or changing phone numbers, and it is important to keep the KYC information up to date to prevent fraud and ensure compliance with regulations.

Signatures can change over time due to aging, illness, or injury, and it is crucial to update them on file with the financial institution or other entity to avoid any potential legal issues or account closures. Infiny Solutions provides helpful information on how to update signatures, including the required documentation and processes.