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

Swedish Watchdog To Publish Results Of Swedbank Probe In 2020
Swedish Watchdog To Publish Results Of Swedbank Probe In 2020
August 23, 2019  |  AML

There won’t be any answers until next year regarding the ongoing investigation of the Swedish Financial Supervisory Authority (FSA) and money laundering in the Baltics,...

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Flexa: Making Crypto Spendable In Every Store
Flexa: Making Crypto Spendable In Every Store
August 23, 2019  |  Cryptocurrency

Beyond bitcoin and price swings, might there be a place for crypto in commerce?  Flexa wants to bring digital coin into physical stores through a...

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Ezbob Adds KYC Automation To Lending-as-a-Service Offering
Ezbob Adds KYC Automation To Lending-as-a-Service Offering
August 13, 2019  |  B2B Payments

Lending-as-a-service company ezbob is rolling out a new solution designed to enable banks to more easily onboard clients and manage their Know Your Customer (KYC)...

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The Credit Union Loyalty Disconnect
The Credit Union Loyalty Disconnect
July 23, 2019  |  Innovation

When it comes to loyalty and rewards innovation, credit unions (CUs) and their members don’t always see eye to eye. Get the Full Story Complete...

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Is It Time For Cryptocurrency To Become More Regulated?
Is It Time For Cryptocurrency To Become More Regulated?
July 15, 2019  |  Cryptocurrency

The rapid growth of cryptocurrency has come with closer scrutiny and a call for tighter anti-money-laundering (AML), know-your-customer (KYC) regulations. Get the Full Story Complete...

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Fighting Crypto’s $1.2B+ Fraud Problem
Fighting Crypto’s $1.2B+ Fraud Problem
July 12, 2019  |  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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The Future Of Compliance: Using Data Better
The Future Of Compliance: Using Data Better
July 08, 2019  |  Authentication

In the pre-digital age of financial services, AML/KYC was a very slow process. The government would put out their lists of sanctioned entities – hostile...

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