Regula Recognized as a Representative Vendor in the Gartner Market Guide for KYC Platforms for Banking

Quick Summary:

This expansion is accelerated by the rising adoption of digital banking, the increasing sophistication of financial crimes, expectations of better customer experience and the demand for more efficient and effective KYC processes.” KYC for Banking market trends         We believe the KYC market for Banking is based on three key pillars: The move to low-effort customer experience and faster turnaround – to streamline identity verification while creating a smooth onboarding experience for users.

Previously, Regula was repeatedly named a Representative Vendor in the Gartner Market Guide for Identity Verification.*Gartner, Market Guide for KYC Platforms for Banking, Vatsal Sharma, 10 December 2024.

Gartner underlines, "The challenge lies in handling the vast diversity of document formats and languages globally, necessitating continuous updates and training of AI models.” To address this issue, Regula Document Reader SDK employs the most comprehensive identity document template database in the world, which is owned and maintained by Regula.

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Article Details

Author / Journalist: Regula

Category: Technology

Markets: ChinaMali

Topics: Guide Research Attacks Banking Verification Regula Gartner Identity Market Platforms Document

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 13:00:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 648 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 26435070

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