Bankers Put `Annoying' Know-Your-Customer Rules to a Nordic Test
A customer uses an ATM outside a Danske Bank A/S bank branch in Copenhagen, Denmark.
Photographer: Freya Ingrid Morales/Bloomberg
This article is for subscribers only.
Bank clients in the Nordic region may be about to get a simpler, more local framework to help tackle frustrations over existing know-your-customer requirements.
John Turesson, who manages the Norwegian operations of SEB AB, says there’s need for change because the current set of processes is “extremely time-consuming and even annoying for our clients.”