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

The High Cost Of KYC And AML Security Lapses

The High Cost Of KYC And AML Security Lapses
The High Cost Of KYC And AML Security Lapses
September 11, 2019  |  Today In Data

The regulatory landscape has become stricter – and more expensive – as enterprises and FIs grapple with fraudsters and seek to protect data and dollars. In...

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Top News In Payments: Stripe Grows Presence In Europe; Apple Introduces Fall Lineup
Top News In Payments: Stripe Grows Presence In Europe; Apple Introduces Fall Lineup
September 10, 2019  |  News

Today in the payments news roundup, Stripe is rolling out its offerings in eight new European countries. Also, the new iPhones and the rest of Apple’s...

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How FinTech Apps Can Ace Security
How FinTech Apps Can Ace Security
September 10, 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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Bitcoin Daily: Japan’s LINE Approved For Crypto License; Binance To Soon Launch US Branch
Bitcoin Daily: Japan’s LINE Approved For Crypto License; Binance To Soon Launch US Branch
September 08, 2019  |  Bitcoin

Japan’s LINE has been approved for a cryptocurrency business license in the country, allowing it to offer its crypto exchange services in Japan. Get the...

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In Switzerland, Regulators Eye Payments Over Blockchain
In Switzerland, Regulators Eye Payments Over Blockchain
August 27, 2019  |  Blockchain

Switzerland’s regulators are mandating that firms conducting business across blockchain conduct AL and KYC due diligence. In Australia, the Securities Exchange is transitioning to blockchain...

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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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