Article

Mentioned Companies:

Marq Millions’ Bank-in-a-Box Software

Obtaining a loan or even opening a bank account is difficult for new residents in a country, including temporary workers and students, because they often lack the credentials (utility bills, tax records, original birth certificate, landline telephone bill, and mortgage statement) needed for a financial institution to satisfy know your customer (KYC) due diligence regulatory compliance. U.K.-based Marq Millions was established to solve the problem. The company’s software is available on a white-label basis to help prepaid card program managers and others perform KYC as well as know your bu...

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April 2018
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