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How do financial services startups assess risk and account for it?

We’re a financial services platform operating in the UK and our know-your-customer (KYC) policies are very strict, perhaps even stricter than those of high street banks. High street banks  target big companies and corporations. We focus on small- and medium-sized enterprises (SMEs). The majority of new customers go through automatic KYC via partnerships we have with other companies, but we also have a manual KYC process for cases that don't pass the automatic one.

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We’re a financial services platform operating in the UK and our know-your-customer (KYC) policies are very strict, perhaps even stricter than those of high street banks. High street banks  target big companies and corporations. We focus on small- and medium-sized enterprises (SMEs). The majority of new customers go through automatic KYC via partnerships we have with other companies, but we also have a manual KYC process for cases that don't pass the automatic one.
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