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

Paysafe On How The Pandemic Changed The Game For AML Teams
Paysafe On How The Pandemic Changed The Game For AML Teams
April 14, 2021  |  AML

The pandemic-driven digital payment surge has kept anti-money laundering (AML) teams on their toes, but many have focused too heavily on money laundering without rooting...

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Document Forensics Help Companies Keep ID Fraud In Check
Document Forensics Help Companies Keep ID Fraud In Check
April 13, 2021  |  Authentication

Cryptocurrency is a much bigger issue than the price of bitcoin. Although that gets the headlines, there’s the more complicated issue of bad actors and...

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Report: Real-Time Transaction Analysis Helps Firms Root Out Fraud, Money Laundering
Report: Real-Time Transaction Analysis Helps Firms Root Out Fraud, Money Laundering
April 13, 2021  |  AML

The mass manufacture and distribution of vaccines means the pandemic will eventually come to a close, but its effects on the payments industry could very...

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How Bank-End Augmentations Helped Customers Bank Battle PPP Frustrations
How Bank-End Augmentations Helped Customers Bank Battle PPP Frustrations
March 25, 2021  |  Digital-First Banking

Loans have served as lifelines for SMBs during the pandemic, but accessing these funds often requires navigating legacy onboarding systems and friction-filled fraud-prevention measures. In...

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Deep Dive: How Crypto Exchanges Can Balance Platform Security With Customer Experience
Deep Dive: How Crypto Exchanges Can Balance Platform Security With Customer Experience
March 25, 2021  |  Identity

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Prime Trust On Pursuit Of The ‘Goldilocks’ Seamless And Secure Onboarding Balance
Prime Trust On Pursuit Of The ‘Goldilocks’ Seamless And Secure Onboarding Balance
March 24, 2021  |  Identity

Crypto traders are often eager to quickly set up accounts on exchanges so they can begin transacting before prices shift, but platforms risk fraud if...

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Report: Automation And Tight KYC Process Improve SMBs’ Loan Access
Report: Automation And Tight KYC Process Improve SMBs’ Loan Access
March 24, 2021  |  Digital-First Banking

Financial institutions (FIs) are turning their focus to the post-pandemic world and contemplating the measures that will need to be taken in a radically changed...

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Report: Prime Trust Leverages AI To Secure Crypto Exchange Onboarding
Report: Prime Trust Leverages AI To Secure Crypto Exchange Onboarding
March 23, 2021  |  Identity

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Crypto Exchanges Renew Emphasis On Regulatory Compliance
Crypto Exchanges Renew Emphasis On Regulatory Compliance
March 19, 2021  |  Cryptocurrency

While cryptocurrency has found more mainstream acceptance among consumers, it also has the unfortunate tendency to draw money launderers. According to a PYMNTS AML/KYC Tracker,...

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