To streamline growth, banks and fintechs seeking to expand in Europe need to understand regulatory and cultural differences across jurisdictions.

This white paper highlights:

• KYC requirements differ across the European Union. It is crucial to understand the differences if you are looking to expand into multiple countries.
• The passporting regime for financial institutions can be advantageous if you choose your regulator wisely—but even then, country-specific requirements may come into play.
• European citizens differ in how and when they will pass your KYC process—impacting operations and conversion.
• Designing a compliant hyper growth-proof KYC process requires careful advance planning.