"Know Your Customer" (KYC) is a process that financial institutions and businesses use to verify the identity of their customers. The primary goal of KYC is to prevent illegal activities such as money laundering, fraud, terrorist financing, and other financial crimes by ensuring that businesses have accurate information about the individuals or entities they are dealing with. I found this
post on the internet about KYC for fintech, and found this is very helpful. Hope this will help you.