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)

Issuers and Merchant Collaborate to Thwart Fraudsters and Accept ‘Good’ Transactions
Issuers and Merchant Collaborate to Thwart Fraudsters and Accept ‘Good’ Transactions
December 12, 2023  |  Fraud Prevention

Jeff Gipson, director of payment product management at Discover® Global Network, told PYMNTS in a recent interview that the intensity of fraudsters’ attacks on all parts...

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Connatix CFO: Collaboration and Trust Are Redefining B2B Payments Innovation
Connatix CFO: Collaboration and Trust Are Redefining B2B Payments Innovation
November 14, 2023  |  B2B Payments

Lately, it seems each new day brings another advancement in the payments world.  And increasingly, those exciting advances and innovations are impacting the world of...

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RBI Fines Paytm Payments Bank for KYC Violations
RBI Fines Paytm Payments Bank for KYC Violations
October 12, 2023  |  Regulation

India’s central bank, the Reserve Bank of India (RBI), has fined Paytm Payments Bank for non-compliance, including Know Your Customer (KYC) regulations, according to an...

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Biden Administration Weighs Requiring Cloud Companies to Disclose Heavy Users, Citing AI Threats
Biden Administration Weighs Requiring Cloud Companies to Disclose Heavy Users, Citing AI Threats
September 22, 2023  |  Regulation

The White House is reportedly considering the implementation of a new policy that would require cloud computing companies to disclose certain information about their customers...

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Norway’s Strise Raises $10.8 Million to Expand AML Offering
Norway’s Strise Raises $10.8 Million to Expand AML Offering
September 06, 2023  |  AML

Strise has raised $10.8 million to bring its anti-money laundering technology to new markets. London-based venture capital firm Atomico, which led the Series A round, announced the...

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Not Knowing How to Measure Data’s Effectiveness Holds Small Business Lenders Back
Not Knowing How to Measure Data’s Effectiveness Holds Small Business Lenders Back
August 29, 2023  |  SMBs

Small- to medium-sized businesses are tough. “It’s a resilient sector made up of business segments that are seeing strong growth,” Hicham Oudghiri, co-founder and CEO of Enigma...

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Trulioo Debuts Advanced Person Matching Tools
Trulioo Debuts Advanced Person Matching Tools
August 24, 2023  |  Identity

Identity verification platform Trulioo has unveiled new person-matching capabilities.  The launch, announced Thursday (Aug. 24), gives companies an alternative to working with multiple vendors to verify identities using...

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ComplyAdvantage and FullCircl Team to Boost AML Services
ComplyAdvantage and FullCircl Team to Boost AML Services
July 03, 2023  |  Partnerships

ComplyAdvantage has teamed with FullCircl to offer a new onboarding/customer lifecycle management solution. The partnership, announced in a news release Monday (July 3), offers customers a suite of know...

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Trulioo Expands ID Verification Platform’s AI-Powered Offerings
Trulioo Expands ID Verification Platform’s AI-Powered Offerings
June 06, 2023  |  Authentication

Trulioo has debuted expanded versions of its know your customer (KYC) and know your business (KYB) identity verification tools. The updates include expanded geographic coverage, “localization...

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