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

East-West Commerce Gets Biometrics Boost and Automated Compliance

East-West Commerce Gets Biometrics Boost and Automated Compliance
East-West Commerce Gets Biometrics Boost and Automated Compliance
November 02, 2022  |  Cross-border Payments

The promise of cross-border commerce is always the opportunity to tap into new markets. Get the Full Story Complete the form to unlock this article...

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The Most Complex Crypto Payment? A Political Donation
The Most Complex Crypto Payment? A Political Donation
October 28, 2022  |  Cryptocurrency

It’s hard to think of any type of payment more fraught with legal restrictions and privacy issues than political donations. And that’s doubly true when...

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CFTC Lawsuit Aims to Rein in DeFi
CFTC Lawsuit Aims to Rein in DeFi
September 28, 2022  |  Legal & Regulation

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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Sardine Raises $51M for Fraud Prevention Solutions for FinTechs, DeFi
Sardine Raises $51M for Fraud Prevention Solutions for FinTechs, DeFi
September 20, 2022  |  Cybersecurity

Sardine, which provides fraud, compliance and instant settlement solutions, has gotten $51.5 million in Series B financing, which will go toward product development and marketing...

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Lawsuits Show Crypto KYC Can Help Recover Losses
Lawsuits Show Crypto KYC Can Help Recover Losses
September 02, 2022  |  Cryptocurrency

One of the biggest issues virtually all crypto regulations seek to fix is the need to identify the parties in every transaction, which is difficult...

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DeFi Platforms Tighten AML to Court Institutional Investors
DeFi Platforms Tighten AML to Court Institutional Investors
August 18, 2022  |  Cryptocurrency

Despite its potentially huge returns, institutional investors have steered clear of decentralized finance. Get the Full Story Complete the form to unlock this article and...

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Elliptic: Cross-Chain Payments Bridges Are DeFi’s Next Big AML Battleground
Elliptic: Cross-Chain Payments Bridges Are DeFi’s Next Big AML Battleground
August 11, 2022  |  Cryptocurrency

In case you thought the biggest problem with cross-chain bridges used to make payments between blockchains was that they are fantastically vulnerable to hackers, with...

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Getting Crypto Payments Compliance Right Requires Deep Experience
Getting Crypto Payments Compliance Right Requires Deep Experience
August 10, 2022  |  Cryptocurrency

Welcome to “The Merchants Guide to Accepting Crypto: The Questions to Ask,” a new PYMNTS series aimed at helping merchants, big and small, online and...

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