✉news BusinessFinance first seen 7 h ago, last 7 h ago, peak #29
Fintechs Conceal KYC Vendors Far More Than Sponsor Banks, Apideck Index Finds
Original: Apideck’s Inaugural Embedded Finance Index Reveals Fintechs Hide KYC Vendors 2.8x More Than Sponsor Banks
Apideck has released its first Embedded Finance Index, an analysis of the embedded finance sector that finds fintech companies disclose their KYC (know-your-customer) vendors 2.8 times less often than their sponsor banks. The report highlights a transparency gap in how identity and compliance providers are revealed across the ecosystem, a point likely to draw attention from compliance teams, partners and regulators tracking vendor risk.
Why now: A new industry index quantifying a transparency gap around KYC vendor disclosure is fresh, quotable research for the finance sector.
Evidence
- Apideck’s Inaugural Embedded Finance Index Reveals Fintechs Hide KYC Vendors 2.8x More Than Sponsor Banks · Morningstar
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