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

25% of Bankers Say Banking-as-a-Service Tech Will Boost Revenue

25% of Bankers Say Banking-as-a-Service Tech Will Boost Revenue
25% of Bankers Say Banking-as-a-Service Tech Will Boost Revenue
March 07, 2023  |  Banking

Businesses that neglect digital experiences risk losing business and falling behind their more innovative peers. This, as digital banking has quickly become a default means...

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Visa Teams With F5 on Secure eCommerce Checkout for Merchants
Visa Teams With F5 on Secure eCommerce Checkout for Merchants
March 06, 2023  |  Retail

Security firm F5 has partnered with Visa to help merchants reduce friction at checkout. “Customers expect seamless commerce experiences and transactions to be secure,” the companies said in a news...

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Reserve Bank of India Imposes $375,000 Penalty on Amazon Pay
Reserve Bank of India Imposes $375,000 Penalty on Amazon Pay
March 03, 2023  |  Legal & Regulation

The Reserve Bank of India (RBI) has imposed a $375,000 penalty on Amazon Pay (India) Private Limited. The move followed the central bank and regulatory...

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Payments Vaults Evolving as Retailers Prioritize a Secure Consumer Experience
Payments Vaults Evolving as Retailers Prioritize a Secure Consumer Experience
February 16, 2023  |  Cybersecurity

Payments vaults are moving to the forefront of many businesses’ customer experience strategies. Joseph Meuse, vice president of product management at Spreedly, told PYMNTS in...

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Avoiding the Network Effect of B2B Payments Fraud 
Avoiding the Network Effect of B2B Payments Fraud 
February 14, 2023  |  B2B Payments

B2B networks leveraging the latest technologies are only as strong as their weakest link. As business-to-business (B2B) relationships evolve to become online-first and more companies...

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How AI Use Cases in Payments Are Moving Beyond Fraud
How AI Use Cases in Payments Are Moving Beyond Fraud
February 14, 2023  |  Artificial Intelligence

As artificial intelligence (AI) gets smarter — as it’s designed to do over time and as usage increases — there are more places in the...

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Chainalysis Says It’s Time to Find Out What’s Real in Crypto
Chainalysis Says It’s Time to Find Out What’s Real in Crypto
February 07, 2023  |  Cryptocurrency

The time is ripe for financial institutions to explore what cryptocurrency offerings their customers want. That’s despite 2022’s bear market, Jeff Billingham, director of strategic...

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Digital ID and KYC Platforms Potent Weapons Against Accounts Receivable Fraud
Digital ID and KYC Platforms Potent Weapons Against Accounts Receivable Fraud
February 03, 2023  |  Cybersecurity

 Not knowing who’s on the other side of the transaction is expensive.  As noted here last month, financial institutions (FIs) were fined nearly $5 billion for...

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