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FinTechs belonging to this category provide identification services, which are required for most banking services.
Introduction
Attitude of the country towards identification services
Identification of the clients must be performed in accordance with the Anti-Money Laundering Law and it mainly includes identification including physical presence of the client.
Legal affairs
Obligations and requirements to provide identification services
While there are occasions where identification is compulsory, there are no applicable laws regulating provision of identification services by third parties.
Additional comments regarding the legal situation for identification services or what FinTech’s must be aware of in this business area
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Economic conditions
Market size for identification services and biggest companies in this business area
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Additional comments regarding the economic situation for identification services or what FinTech’s must be aware of in this business area
N/A