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

Mastercard’s New President Of Europe On EU’s Digital Payments Transformation
Mastercard’s New President Of Europe On EU’s Digital Payments Transformation
June 08, 2020  |  Digital Payments

The pandemic has introduced new variables into innovations, payments and commerce — setting up headwinds in some cases as businesses shutter, and tailwinds as consumers...

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What Banks Can Learn From Amazon About Digital Onboarding
What Banks Can Learn From Amazon About Digital Onboarding
June 08, 2020  |  Digital Onboarding

The new coronavirus led many financial institutions (FIs) to close or limit the hours of operation of their brick-and-mortar branches amid stay-at-home orders, in effect...

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Fostering FinTech-FI Trust With Data-Driven Security
Fostering FinTech-FI Trust With Data-Driven Security
June 05, 2020  |  AML

Open banking can unlock seamless payment experiences for legitimate customers, but also for money launderers as well. As a result, many financial institutions (FIs) are...

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NEW REPORT: FinTech’s Role In Keeping Open Banking Secure
NEW REPORT: FinTech’s Role In Keeping Open Banking Secure
June 04, 2020  |  AML

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

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Why Digital Identity Verification Is Crucial Post-COVID
Why Digital Identity Verification Is Crucial Post-COVID
May 19, 2020  |  Digital Identity

Set in motion by the pandemic, a dangerous chicken-and-egg conundrum is arising, caused by the confluence of store closures, the shift to digital retail and...

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Navigating Compliance And Tech As Video KYC Adoption Grows
Navigating Compliance And Tech As Video KYC Adoption Grows
May 11, 2020  |  B2B Payments

It was a valuable coincidence that the Reserve Bank of India (RBI) amended Know Your Customer (KYC) rules in January of this year to allow...

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Bitcoin Daily: Crypto ATM Network Coinme Raises $5.5M As Transaction Volume Jumps; App Abra Nets $5M From Stellar
Bitcoin Daily: Crypto ATM Network Coinme Raises $5.5M As Transaction Volume Jumps; App Abra Nets...
May 07, 2020  |  Bitcoin

Seattle-based digital currency ATM company Coinme has brought in a $5.5 million investment as it experiences rising interest in its network, GeekWire reported. Get the...

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Open Banking Targets Pain Points — And Global Expansion
Open Banking Targets Pain Points — And Global Expansion
May 05, 2020  |  B2B Payments

Open banking remains on track to proliferate across the globe, in spite of the coronavirus pandemic. Rather, market volatility may actually be propelling open banking’s...

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India Call Center Firm Ameyo Rolls Out Video KYC Platform For FIs
India Call Center Firm Ameyo Rolls Out Video KYC Platform For FIs
May 04, 2020  |  B2B Payments

With a massive increase in the need to video conference for work, India’s Ameyo has introduced enhanced technology to reduce costs and boost video options...

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