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
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  |  Cybersecurity

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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