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

Tools Like Digital ID and Oracles Bring KYC Controls to DeFi
Tools Like Digital ID and Oracles Bring KYC Controls to DeFi
March 24, 2022  |  Digital Identity

Even without the urgency of cryptocurrency-enabled Russian sanctions violations, bringing know your customer (KYC) identity verification to decentralized finance (DeFi) was always a matter of...

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PNC Bank on the Challenges of Client Onboarding in a Remote Business World
PNC Bank on the Challenges of Client Onboarding in a Remote Business World
March 17, 2022  |  Banking

FIs face the daunting task of offering smooth, remote onboarding processes for commercial clients, but advanced technology can help. In the Next-Gen Commercial Banking Tracker,...

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Paytm Bank Under Audit Over Alleged Data Sharing With China
Paytm Bank Under Audit Over Alleged Data Sharing With China
March 14, 2022  |  Bank Regulation

Paytm Payment Bank is being audited by the Reserve Bank of India (RBI) over allegations that it engaged in data sharing with organizations based in...

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Warren Resurrects Calls for KYC Data from Private Crypto Wallets
Warren Resurrects Calls for KYC Data from Private Crypto Wallets
March 09, 2022  |  Crypto Wallet

In her latest broadside at crypto, Sen. Elizabeth Warren, D-Mass., has resurrected a controversial proposal from the end of the Trump Administration that would require...

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Report: How Solving the Payments Compliance Puzzle Fuels Global Business Growth
Report: How Solving the Payments Compliance Puzzle Fuels Global Business Growth
February 18, 2022  |  Digital Payments

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Neuro-ID Debuts Frictionless Identity Screening Products
Neuro-ID Debuts Frictionless Identity Screening Products
February 16, 2022  |  Identity

Neuro-ID, which works in behavioral analytics, debuted its ID Crowd Alert and ID Orchestrator products on Wednesday (Feb. 16), which it says will help with...

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EMEA Daily: CMA: JD Sports, Footasylum Held Improper Meetings; Spain’s BBVA Backs Brazil’s Digital Bank Neon Payments With $300M
EMEA Daily: CMA: JD Sports, Footasylum Held Improper Meetings; Spain’s BBVA Backs Brazil’s Digital Bank...
February 14, 2022  |  International

In today’s top Europe, Middle East and Africa news, the U.K.’s Competition and Markets Authority (CMA) fined retailers JD Sports and Footasylum $6 million for sharing commercially...

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Fraud’s Impact on Crypto Is About More Than Money
Fraud’s Impact on Crypto Is About More Than Money
February 07, 2022  |  Security & Fraud

Compared to other financial industries, the cryptocurrency market is disproportionately subject to fraud, with a net fraud rate of 7.4% last year. Get the Full...

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Regulators Walk Fine Line Between Protecting Consumers, Stifling FinTech Innovation
Regulators Walk Fine Line Between Protecting Consumers, Stifling FinTech Innovation
February 01, 2022  |  Regulation

The regulators sharpen their gaze, the legislators sharpen their pencils and bang the gavels — and Big Tech, banks and FinTechs are in the crosshairs,...

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