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

Gig Economy Money Laundering Shows Corporates’ KYC, AML Struggles
Gig Economy Money Laundering Shows Corporates’ KYC, AML Struggles
February 13, 2019  |  B2B Payments

Payments messaging firm SWIFT announced on Tuesday (Feb. 12) that it will now allow corporates to join its KYC Registry in an effort to facilitate the...

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SWIFT Expands Its Reach By Adding Corporates To KYC Registry
SWIFT Expands Its Reach By Adding Corporates To KYC Registry
February 12, 2019  |  Banking

SWIFT announced Tuesday (February 12) that it opened its Know Your Customer platform, the KYC Registry, to corporate groups. Get the Full Story Complete the form...

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Getting CRM Technology Up To Speed With SMB Payments
Getting CRM Technology Up To Speed With SMB Payments
February 04, 2019  |  B2B Payments

FinTech has, in many ways, democratized technology once reserved for the largest enterprises, and reduced barriers for small business (SMB) adoption. The SMB community has...

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Deep Dive: How To Improve Existing AML/KYC Requirements
Deep Dive: How To Improve Existing AML/KYC Requirements
February 04, 2019  |  AML

The following Deep Dive examines how the 2008 financial meltdown paved the way for existing AML/KYC practices, and how FIs can work toward remaining compliant.

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Keeping Investment Platforms Free From Fraudsters
Keeping Investment Platforms Free From Fraudsters
January 31, 2019  |  AML

How can firms with global ambitions balance a smooth authentication process with rigorous AML efforts? In the inaugural edition of the AML/KYC Tracker, Anthony Couture,...

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Fighting Fraud In A Faster Payments Landscape
Fighting Fraud In A Faster Payments Landscape
January 31, 2019  |  B2B Payments

NACHA recently released new figures on ACH network volume, revealing earlier this week that Same-Day ACH volume grew 46 percent between Q4 2017 and Q4...

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FinTech Firms Combine KYB With KYC For Identity Verification
FinTech Firms Combine KYB With KYC For Identity Verification
January 30, 2019  |  Startup Check-In

With the fifth European Union (EU) Anti-Money Laundering Directive (AMLD 5) coming into force and raising a concern over the fourth AMLD, beneficial ownership is becoming front-and-center for...

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Opus Accelerates KYC Automation For Banks
Opus Accelerates KYC Automation For Banks
January 30, 2019  |  B2B Payments

Compliance and risk management technology provider Opus is launching a new Know Your Customer (KYC) workflow solution for banks. A press release on Tuesday (Jan. 29)...

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How To Keep Investment Platforms AML-Compliant
How To Keep Investment Platforms AML-Compliant
January 30, 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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