Existing KYC practices in Indonesia and opportunities for implementing e-KYC to accelerate financial inclusion

• by Agnes Salyanty, Arshi Aadil, Raunak Kapoor, Sneha Sampath and Rahmatika Febrianti
• Dec 1, 2020
• 1 min
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The study provides an analysis of the challenges in customer verification by banks and FinTechs. It also outlines policy recommendations to promote a public infrastructure for e-KYC.

The study provides insights into the challenges, time, and costs involved in the KYC processes of service providers. It also outlines policy recommendations to promote a public infrastructure for e-KYC to accelerate digital inclusion.