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)

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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AI Reshapes Regulatory Compliance by Modernizing Risk Frameworks
AI Reshapes Regulatory Compliance by Modernizing Risk Frameworks
May 09, 2023  |  artificial intelligence

The 21st century’s digitization has transformed the financial crime landscape, arming cybercriminals with new tactics. Fortunately, as the world evolves, organizations are increasingly able to fight...

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Generative vs Predictive AI’s Role Across the Future of Payments
Generative vs Predictive AI’s Role Across the Future of Payments
May 09, 2023  |  Artificial Intelligence

Predictive artificial intelligence (AI) has long been a chief financial officer’s best friend. For years, the cutting-edge tech, better known as machine learning (ML) or...

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Smile Identity Acquires Appruve to Expand Identity Verification Across Africa
Smile Identity Acquires Appruve to Expand Identity Verification Across Africa
April 26, 2023  |  Acquisitions

Smile Identity has acquired Appruve to expand its digital identity verification solution across Africa. In addition to buying Appruve’s parent company, Inclusive Innovations, Smile Identity is working to finalize...

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Sparkle COO Says Open Banking Builds Trust by Putting Consumers in Control of Their Data
Sparkle COO Says Open Banking Builds Trust by Putting Consumers in Control of Their Data
April 19, 2023  |  Digital Banking

After years of advocacy, open banking is now live in Nigeria, the first country in sub-Saharan Africa to adopt the regulation. The launch marks an...

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25% of Bankers Say Banking-as-a-Service Tech Will Boost Revenue
25% of Bankers Say Banking-as-a-Service Tech Will Boost Revenue
March 07, 2023  |  Banking

Businesses that neglect digital experiences risk losing business and falling behind their more innovative peers. This, as digital banking has quickly become a default means...

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Visa Teams With F5 on Secure eCommerce Checkout for Merchants
Visa Teams With F5 on Secure eCommerce Checkout for Merchants
March 06, 2023  |  Retail

Security firm F5 has partnered with Visa to help merchants reduce friction at checkout. “Customers expect seamless commerce experiences and transactions to be secure,” the companies said in a news...

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Reserve Bank of India Imposes $375,000 Penalty on Amazon Pay
Reserve Bank of India Imposes $375,000 Penalty on Amazon Pay
March 03, 2023  |  Regulation

The Reserve Bank of India (RBI) has imposed a $375,000 penalty on Amazon Pay (India) Private Limited. The move followed the central bank and regulatory...

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Payments Vaults Evolving as Retailers Prioritize a Secure Consumer Experience
Payments Vaults Evolving as Retailers Prioritize a Secure Consumer Experience
February 16, 2023  |  Security & Fraud

Payments vaults are moving to the forefront of many businesses’ customer experience strategies. Joseph Meuse, vice president of product management at Spreedly, told PYMNTS in...

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