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

Silicon Valley Bank on Banking at the Edge of Technology
Silicon Valley Bank on Banking at the Edge of Technology
January 17, 2022  |  Digital-First Banking

Serving digital-first banking clients means meeting them where they are, whether they reach out online or want to talk finances over a glass of wine...

READ MORE >
Jumio: 2021 Was the Year of Consolidation
Jumio: 2021 Was the Year of Consolidation
January 14, 2022  |  Opinion

Companies started stepping up their identity verification protections amid rising security threats from hackers and fraud in 2021, says Bala Kumar, chief product officer at...

READ MORE >
Fake Business, Real Problem: The Importance of KYC
Fake Business, Real Problem: The Importance of KYC
January 06, 2022  |  Digital-First Banking

About 1.4 million identity theft incidents were logged by the Federal Trade Commission in 2020, a figure that’s more than double the thefts from the...

READ MORE >
Tougher Enforcement Gives AML/KYC Tech New Importance
Tougher Enforcement Gives AML/KYC Tech New Importance
December 27, 2021  |  Security & Fraud

Problems around money laundering and tax evasion persist worldwide, and it’s clear that the regulatory landscape designed to prevent them from happening isn’t as robust...

READ MORE >
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. Get the Full Story Complete the...

READ MORE >
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

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

READ MORE >
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,...

READ MORE >
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

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

READ MORE >
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.  Get the Full Story Complete the form...

READ MORE >