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The Austrian financial technology (fintech) sector has experienced significant growth as it brings innovation to payment processing services. Anyone can transfer money from one location to another within seconds. Fintech companies keep innovating their systems to enhance customersu2019 experience and allow them to make financial transactions smoothly. Along with innovation and digitisation, identity fraud and financial crimes are challenges for fintech companies. KYC solutions plays a massive role in combating these threats in this area.
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