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

Fraud: Why Everything Old Is New Again

Fraud: Why Everything Old Is New Again
Fraud: Why Everything Old Is New Again
July 20, 2020  |  Cybersecurity

Fraudsters aren’t usually static. They’re often dynamic when on the hunt for new weaknesses to exploit, new targets to go after and new ways to...

READ MORE >
New Report: How Alipay Fends Off The Fraudsters
New Report: How Alipay Fends Off The Fraudsters
July 17, 2020  |  AML

Consumers and retailers have become more wary of handling physical cash during the COVID-19 pandemic, spurring some to turn to mobile payment apps instead as...

READ MORE >
Deep Dive: How Real Estate Firms Can Eliminate Onboarding Frictions With Fresh Data
Deep Dive: How Real Estate Firms Can Eliminate Onboarding Frictions With Fresh Data
July 13, 2020  |  Digital Onboarding

The real estate industry faced severe economic damage at the beginning of the pandemic. Potential homebuyers backed away because of rising costs, unemployment and health...

READ MORE >
Digital IDs Help Open Banking Reach Its Fullest Potential
Digital IDs Help Open Banking Reach Its Fullest Potential
July 10, 2020  |  Banking

Open banking comes in several flavors, yet its rise requires robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, Zac Cohen, chief operating officer...

READ MORE >
Deep Dive: How Overlapping Regulations And Fraud Risks Complicate SMBs’ B2B Cross-Border Payments
Deep Dive: How Overlapping Regulations And Fraud Risks Complicate SMBs’ B2B Cross-Border Payments
July 09, 2020  |  Smarter Payments

B2B payments are the lifeblood of the global economy, with untold trillions of dollars changing hands around the world every year. The second quarter of...

READ MORE >
How Automated Authentication Helps Propel SMB Loan Disbursements
How Automated Authentication Helps Propel SMB Loan Disbursements
July 06, 2020  |  Disbursements

The economic realities of COVID-19 have many small- to medium-sized businesses (SMBs) turning to lenders to keep their heads above water, but paper-based processes can...

READ MORE >
Deep Dive: How Loyalty Innovation Improves Member Relationships, Boosts Brand Awareness
Deep Dive: How Loyalty Innovation Improves Member Relationships, Boosts Brand Awareness
July 02, 2020  |  Credit Unions

Many know that credit union members tend to be highly loyal and greatly value engagement. It would therefore make sense that members pay attention to the loyalty and...

READ MORE >
How Digitizing KYC Processes Helps Accelerate Onboarding
How Digitizing KYC Processes Helps Accelerate Onboarding
June 30, 2020  |  Banking

Customer onboarding and account opening is vitally important for banks to get right, as the processes kick off customers’ relationships with a given financial institution...

READ MORE >