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new casino Large operators again do comparatively well with 75% onboarding success. Part of

new casino Large operators again do comparatively well with 75% onboarding success. Part of

new casino Large operators again do comparatively well with 75% onboarding success. Part of that may be owing to the fact that they are well-established brands and generally known names to the public. Part of customer reluctance to onboard may be due to the lengthy procedure that KYC processes take. .How Long Does It Take to Go Through KYC.In the United Kingdom, for example, the average onboarding process takes 11 minutes..Large operators onboard customers through KYC in 11:21 minutes, but small operators take 17:30 minutes. Interestingly, medium operators need only 6:37 minutes on average to complete a KYC process. .How come medium operators have a worse overall onboarding rate than small operators. The UK, though, is still a great place for KYC compliance. Outside the country, the rate goes up drastically..Only 20% of all operators HooYu reviewed managed to complete onboarding in 30-60 minutes. Another 50% took up to half a day, which is still fairly quick, and then again another 30% took up a whole day. .Why Do Customers Bail on KYC?.Interestingly, HooYu went deeper, examining each aspect of the compliance process for both UK and non-UK customers and established what percentage of people dropped out and where. .For proof of ID, the drop-out rate was 20% (UK) and 40% (non-UK), proof of address was 20% (UK) and 34% (non-UK), and proof of source of funds was 35% for both UK and non-UK customers. .

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