What KYC means and why onboarding information matters.
KYC is part of the investor onboarding framework. The exact process depends on the investor, intermediary and current regulatory requirements.
Good onboarding is more than a formality. Accurate information about identity, bank details, goals, risk, tax status and existing investments helps reduce operational mistakes and improves suitability and service.
Never share passwords, OTPs or sensitive authentication information with an advisor or through an educational website.