LATAM context
KYC across LATAM includes verifying identity (official ID), address (recent proof), and sometimes source of income. Bank statements are frequently required as proof of income in KYC processes for credit.
Concrete example
A Mexican credit fintech requests: government ID + CURP + proof of address + the last 3 months of bank statements to validate income before extending a credit line.
How it shows up on your bank statement
The bank statement is commonly used as proof within the process: it supports address, account ownership and, for companies, the match between the registered company name and the operating account. What gets read is the header data, not the transactions.
How does finO$ handle this?
finO$ processes an applicant's bank statements in seconds, speeding up the time-to-decision of the KYC process.