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

Document Forensics Help Companies Keep ID Fraud In Check

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...

READ MORE >
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...

READ MORE >
How Bank-End Augmentations Helped Customers Bank Battle PPP Frustrations
How Bank-End Augmentations Helped Customers Bank Battle PPP Frustrations
March 25, 2021  |  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...

READ MORE >
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  |  Digital Identity

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

READ MORE >
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  |  Digital 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...

READ MORE >
Report: Automation And Tight KYC Process Improve SMBs’ Loan Access
Report: Automation And Tight KYC Process Improve SMBs’ Loan Access
March 24, 2021  |  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...

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

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

READ MORE >
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,...

READ MORE >