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

Prime Trust On Pursuit Of The ‘Goldilocks’ Seamless And Secure Onboarding Balance

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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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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