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

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. Get...

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Deep Dive: How AML/KYC Efforts Protect Online Gaming From Cybercrime Threats
Deep Dive: How AML/KYC Efforts Protect Online Gaming From Cybercrime Threats
October 25, 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....

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Jumio Intros No-Code Orchestration Layer for KYX Platform
Jumio Intros No-Code Orchestration Layer for KYX Platform
October 25, 2021  |  Security & Fraud

Artificial intelligence (AI) identity verification startup Jumio has launched an intuitive, no-code orchestration layer for its KYX Platform that pulls together a full suite of...

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Global Payments Gaming Solutions on Taking an Omnichannel Approach to Streamlining Payments and AML/KYC Requirements
Global Payments Gaming Solutions on Taking an Omnichannel Approach to Streamlining Payments and AML/KYC Requirements
October 22, 2021  |  AML

The explosive growth of online gaming has been both a boon and bane as both players and fraudsters have flocked to gaming platforms — creating...

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SentiLink Unveils ‘First-of-Its-Kind’ KYC Product
SentiLink Unveils ‘First-of-Its-Kind’ KYC Product
October 21, 2021  |  Authentication

The identity verification company SentiLink says it is expanding its services to offer a know your customer (KYC) product. Get the Full Story Complete the...

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Online Gaming Platforms Bet on KYC Automation to Get Real Players in the Game
Online Gaming Platforms Bet on KYC Automation to Get Real Players in the Game
October 21, 2021  |  AML

The explosive growth of online gaming has been both a boon and bane as both players and fraudsters have flocked to gaming platforms — creating...

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