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

Supply Chain Finance Stumped By KYC
Supply Chain Finance Stumped By KYC
April 15, 2019  |  B2B Payments

The Asian Development Bank’s estimates that the global trade finance gap has reached $1.5 trillion has jumpstarted a new wave of competition between banks and...

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How Banks Can Turn Compliance Burden Into A Data Opportunity
How Banks Can Turn Compliance Burden Into A Data Opportunity
March 27, 2019  |  B2B Payments

While regulators had transparency and financial security in mind when introducing more stringent requirements for banks following the global financial crisis, financial institutions faced a...

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Fixing The KYC And AML ‘Horse-and-Buggy’ Model
Fixing The KYC And AML ‘Horse-and-Buggy’ Model
March 25, 2019  |  Security & Fraud

Only 1 percent of proceeds from financial crimes are intercepted, which means the bad guys are getting away with hundreds of billions of dollars, even...

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Trade Disputes, Fraud Aren’t Treasurers Biggest Concerns
Trade Disputes, Fraud Aren’t Treasurers Biggest Concerns
March 14, 2019  |  B2B Payments

Corporate treasurers are increasingly concerned about a complex regulatory environment, according to the latest analysis from Strategic Treasurer and TD Bank. Get the Full Story...

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What’s Missing? How Money Launderers In The UK Remain Unchecked
What’s Missing? How Money Launderers In The UK Remain Unchecked
March 14, 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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Why Corporate Lease Management Is Headed For An Overhaul
Why Corporate Lease Management Is Headed For An Overhaul
February 14, 2019  |  B2B Payments

Along with regulatory action from tax reform and tougher Know Your Customer (KYC) rules adding the pressure of complex red tape, public companies need to...

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