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

Six Nordic Banks Team To Take On AML Issues
Six Nordic Banks Team To Take On AML Issues
July 05, 2019  |  Banking

Six major banks in the Nordic region will form a customer checking center to help combat money laundering and improve the reputation of the area’s...

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Moving Data Analytics Up The Credit Union Priority Chain
Moving Data Analytics Up The Credit Union Priority Chain
June 26, 2019  |  Banking

Most of the insight into credit union spending priorities featured in the PYMNTS/PSCU Credit Union Playbook earlier this year is probably much in line with...

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Bitcoin Daily: FATF Calls For Stronger Crypto ID Regs; Bitcoin Price Remains Above $11K After Spike
Bitcoin Daily: FATF Calls For Stronger Crypto ID Regs; Bitcoin Price Remains Above $11K After...
June 25, 2019  |  Bitcoin

The Financial Action Task Force (FATF) has demanded strict know-your-customer procedures for all small digital asset sales, bringing an end to anonymous crypto exchanges, which...

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AML/KYC’s Data Confidence Crisis
AML/KYC’s Data Confidence Crisis
June 20, 2019  |  Security & Fraud

The last thing anyone wants to hear from a financial organization is that the people tasked with risk management are feeling less than confident about...

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Trulioo Teams With Refinitiv To Bring 5B Consumers Into The Financial Mainstream
Trulioo Teams With Refinitiv To Bring 5B Consumers Into The Financial Mainstream
June 04, 2019  |  Financial Inclusion

Call it the curse of innovation, perhaps. It’s that tendency (seen often in payments and commerce) to always think years, or a decade or two,...

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ICC Says Regulation Limits Trade Finance
ICC Says Regulation Limits Trade Finance
May 29, 2019  |  B2B Payments

UBS shed light this week on a persistent challenge in the traditional financial services industry. Get the Full Story Complete the form to unlock this...

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How FIs Are Taking Anti-Money Laundering Precautions
How FIs Are Taking Anti-Money Laundering Precautions
May 20, 2019  |  AML

With one of the world’s biggest money laundering scandals just a few months old, it’s a fitting time to look into the state of security and...

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