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)

Verifying Customers at the Speed of Crypto Requires AML/KYC Reset
Verifying Customers at the Speed of Crypto Requires AML/KYC Reset
December 23, 2021  |  Authentication

Being able to identify your customers accurately and quickly is no longer something cryptocurrency companies can afford to ignore. Increasingly, having a strong know your...

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Deep Dive: How AML/KYC Measures Have Changed as Digital Banking Becomes More Popular
Deep Dive: How AML/KYC Measures Have Changed as Digital Banking Becomes More Popular
December 17, 2021  |  AML

The economy’s digital shift started long before the global health crisis, but the past 20 months have definitely accelerated digital-first trends in eCommerce and banking....

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Upgrade on Taking a Data-Centric Approach to Meeting AML/KYC Requirements
Upgrade on Taking a Data-Centric Approach to Meeting AML/KYC Requirements
December 16, 2021  |  AML

More digital banking services mean more of an opportunity for identity theft. In the AML/KYC Tracker, Tom Curran, chief risk and compliance officer at Upgrade,...

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Biometric Onboarding Seen as Must-Have in FinTech Fight Over Identity Theft
Biometric Onboarding Seen as Must-Have in FinTech Fight Over Identity Theft
December 15, 2021  |  AML

Digital-first businesses were better equipped to take advantage of new market opportunities unleashed during the pandemic. In the past year, 92% of consumers made an...

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Moody’s Acquires Two European KYC Firms 
Moody’s Acquires Two European KYC Firms 
December 03, 2021  |  Acquisitions

Moody’s Corporation is acquiring two European companies in a bid to enhance its Know Your Customer (KYC) capabilities.  The company announced in a news release...

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Point Solutions and Piecemeal Approach to KYC Hinders Fraud Protection Efforts
Point Solutions and Piecemeal Approach to KYC Hinders Fraud Protection Efforts
November 26, 2021  |  Security & Fraud

All industries go through a period of evolution where several service providers crowd into a space, offering a slew of options geared toward making enterprise...

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Binance CEO: KYC Mandate Causes 3% of Users to Leave
Binance CEO: KYC Mandate Causes 3% of Users to Leave
November 17, 2021  |  Digital Identity

Changpeng Zhao, CEO of cryptocurrency exchange Binance, said only 3% of the company’s users left the exchange after know your customer (KYC) processes were made...

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Digital Economy Sees Rise in Number of Fake Businesses
Digital Economy Sees Rise in Number of Fake Businesses
November 17, 2021  |  Security & Fraud

Digital identity verification is being put through its paces during the pandemic as remote onboarding of consumers keeps skyrocketing, bringing a reenergized wave of financial...

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Trulioo Debuts Match Rate Challenge for KYC Rates
Trulioo Debuts Match Rate Challenge for KYC Rates
November 08, 2021  |  Authentication

Global identity verification company Trulioo is inviting businesses to compare their current solutions against its global know your customer (KYC) match engine, Trulioo GlobalGateway. On...

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