KYC

Know Your Customer, alternatively known as know your client or simply KYC, is the process of a business verifying the identity of its clients and assessing their suitability, along with the potential risks of illegal intentions towards the business relationship.

(source: en.wikipedia.org)

Banks Need ‘Change Management Checklist’ in Battle Against Fraud
Banks Need ‘Change Management Checklist’ in Battle Against Fraud
April 26, 2024  |  Fraud Prevention

Artificial intelligence (AI) holds the promise to transform all manner of industries — helping banks, in particular, improve their anti-money laundering (AML) efforts. But as...

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Digital Innovation Plus AI Tech  Can Future-Proof the Enterprise
Digital Innovation Plus AI Tech Can Future-Proof the Enterprise
April 24, 2024  |  Innovation

Long-term success frequently results from businesses being agile, and prepared, in the short-term. That’s why it is so heartening, Shaunt Sarkissian, founder and CEO of AI-ID, told...

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Blockchain.com and MetaMask Partner to Streamline Adoption of Crypto Payments
Blockchain.com and MetaMask Partner to Streamline Adoption of Crypto Payments
April 09, 2024  |  Partnerships

Blockchain.com and MetaMask partnered to enable seamless and secure cryptocurrency payments. The new partnership includes an integration of Blockchain.com’s crypto payment solution, Blockchain.com Pay, with MetaMask’s self-custodial platform, the...

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PayToMe.co Adds Stripe Connect to Payment Solutions for Platforms, Marketplaces
PayToMe.co Adds Stripe Connect to Payment Solutions for Platforms, Marketplaces
April 05, 2024  |  Digital Payments

PayToMe.co integrated Stripe Connect to scale globally and enhance its payments solutions for platforms and marketplace. The integration will facilitate onboarding, global payouts, payment compliance and know your...

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Allianz Trade and Nuvo Team to Enhance Trade Credit
Allianz Trade and Nuvo Team to Enhance Trade Credit
March 13, 2024  |  Partnerships

B2B trade credit tech platform Nuvo has teamed with trade credit insurance firm Allianz Trade. The integration, announced Wednesday (March 13), will let Allianz Trade customers use...

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Banking-as-a-Service 2.0 Helps Senders Monetize Instant Payments Ecosystems
Banking-as-a-Service 2.0 Helps Senders Monetize Instant Payments Ecosystems
March 12, 2024  |  Digital Banking

The evolution of money movement, and of banking, are intrinsically linked. That’s why, as money became digitized and embedded, so too did banking, via the...

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Socure and Trustly Partner on Pay-by-Bank Solution With Streamlined Onboarding
Socure and Trustly Partner on Pay-by-Bank Solution With Streamlined Onboarding
February 29, 2024  |  Payments Innovation

Socure and Trustly have partnered to offer merchants a pay-by-bank solution that includes a streamlined customer onboarding process and guaranteed fast payments. The solution designed for all merchants...

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AU10TIX Adds KYB to Identity Verification Offerings
AU10TIX Adds KYB to Identity Verification Offerings
February 27, 2024  |  Identity

Israeli identity verification firm AU10TIX has launched a know-your-business (KYB) solution. “Increasingly rigorous regulatory demands are forcing businesses across all sectors to collect and analyze more data about the...

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India Cracks Down on ‘Sketchy’ FinTech KYC Rules
India Cracks Down on ‘Sketchy’ FinTech KYC Rules
February 22, 2024  |  Regulation

India’s banking regulator has made some high-profile enforcement moves in recent weeks. Last month, the Reserve Bank of India (RBI) ordered Paytm Payments Bank to...

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