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

New Digital ID Tech Authenticates People And Payments Without Passwords
New Digital ID Tech Authenticates People And Payments Without Passwords
March 15, 2021  |  Security & Fraud

Maybe it’s a favorite band, plus a few random numbers. Or a first-grade teacher in front of a few symbols. Whatever the method, the average...

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Acuant, Scalable Solutions Partner On AML, KYC Security For Exchanges
Acuant, Scalable Solutions Partner On AML, KYC Security For Exchanges
March 11, 2021  |  Partnerships / Acquisitions

Identity verification provider Acuant has partnered with blockchain software firm Scalable Solutions to create a platform that provides anti-money laundering (AML) and know your customer...

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Deep Dive: Modernizing The Banking Experience With Innovative Identity Verification Strategies
Deep Dive: Modernizing The Banking Experience With Innovative Identity Verification Strategies
March 10, 2021  |  News

The pandemic has driven more consumers to seek the safety and convenience of online banking, yet new data has revealed that banks in Canada and...

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TD Bank On The Case For Real-Time Digital ID Verification
TD Bank On The Case For Real-Time Digital ID Verification
March 09, 2021  |  Authentication

Many banks are still tackling key onboarding tasks in person — even though today’s digital-minded consumers find cumbersome, manual account sign-ups unacceptable. But smart identification...

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TD Bank Takes Real-Time Approach To ID Verification
TD Bank Takes Real-Time Approach To ID Verification
March 08, 2021  |  Authentication

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Deep Dive: Why AML/KYC Regulations Left Cryptocurrency Exchanges With A Difficult Choice
Deep Dive: Why AML/KYC Regulations Left Cryptocurrency Exchanges With A Difficult Choice
February 19, 2021  |  AML

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How Bitstamp Balances AML Efforts With Crypto Traders’ Privacy Concerns
How Bitstamp Balances AML Efforts With Crypto Traders’ Privacy Concerns
February 18, 2021  |  AML

The need to stay compliant while respecting user privacy concerns has forced cryptocurrency exchanges to rethink their approach to KYC. In this month’s AML/KYC Tracker,...

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Report: Crypto Exchanges Thread The Needle Between Compliance And Privacy
Report: Crypto Exchanges Thread The Needle Between Compliance And Privacy
February 17, 2021  |  AML

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Hide And Seek: Geolocation Helps Uncover Fraudsters’ Identities
Hide And Seek: Geolocation Helps Uncover Fraudsters’ Identities
February 11, 2021  |  Security & Fraud

Fraudsters follow the money. Take, for example, the Super Bowl. About half of all Americans were expected to place some kind of wager on the...

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