Financial Intelligence Centre Act
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ThisIsMe's Mark Chirnside Explains How They Reduce The Know Your Customer Process To 3 Minutes Using Technology
A South African FinTech company, ThisIsMe, has announced that it has reduced a financial compliance process known as Know Your Customer, down to three minutes. The process, which is part of South Africa's Financial Intelligence Centre Act (FICA), used to take anything from two days to two weeks to complete.